Price T Rowe Associates Inc. MD Sells 1,155,578 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Price T Rowe Associates Inc. MD trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 17.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,610,501 shares of the insurance provider’s stock after selling 1,155,578 shares during the period. Price T Rowe Associates Inc. MD owned approximately 2.45% of Travelers Companies worth $1,291,202,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Northwest Financial Advisors acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $32,000. Private Wealth Management Group LLC acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $39,000. OLD Second National Bank of Aurora acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $41,000. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies during the first quarter valued at approximately $42,000. Finally, Tributary Capital Management LLC acquired a new stake in Travelers Companies during the first quarter valued at approximately $45,000. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TRV shares. Citigroup reaffirmed a “sell” rating and set a $200.00 price objective (down from $226.00) on shares of Travelers Companies in a report on Friday, June 28th. UBS Group reduced their target price on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Piper Sandler reduced their target price on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. Morgan Stanley reduced their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, Evercore ISI reduced their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $220.94.

Travelers Companies Trading Up 2.2 %

Shares of TRV traded up $4.62 during trading hours on Friday, reaching $213.85. The stock had a trading volume of 1,220,457 shares, compared to its average volume of 1,269,819. The firm has a 50-day moving average of $209.68 and a 200 day moving average of $214.40. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $48.74 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.15 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the prior year, the company earned $0.06 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.23 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio is 31.20%.

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.