Lederer & Associates Investment Counsel CA Reduces Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Lederer & Associates Investment Counsel CA lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 13.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,375 shares of the insurance provider’s stock after selling 544 shares during the quarter. Lederer & Associates Investment Counsel CA’s holdings in Travelers Companies were worth $813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC boosted its holdings in Travelers Companies by 39.1% in the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. True Wealth Design LLC purchased a new stake in Travelers Companies in the third quarter worth approximately $41,000. Catalyst Capital Advisors LLC bought a new position in Travelers Companies in the third quarter worth approximately $50,000. Versant Capital Management Inc raised its position in Travelers Companies by 581.1% in the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 215 shares during the period. Finally, Salomon & Ludwin LLC raised its position in Travelers Companies by 22.1% in the third quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock worth $65,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.5 %

Shares of TRV opened at $245.31 on Monday. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $269.55. The company has a 50-day moving average of $246.75 and a 200 day moving average of $238.59. The firm has a market capitalization of $55.69 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to analyst estimates of $10.80 billion. During the same quarter in the previous year, the business posted $7.01 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 20.6 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent research reports. The Goldman Sachs Group upgraded shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price target on the stock in a research report on Wednesday, January 8th. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Roth Mkm raised their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays raised their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Hsbc Global Res upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $260.47.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maria Olivo sold 10,410 shares of the business’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.