Trillium Asset Management LLC Has $30.93 Million Stake in The Travelers Companies, Inc. $TRV

Trillium Asset Management LLC trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 21.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 105,715 shares of the insurance provider’s stock after selling 28,205 shares during the period. Travelers Companies comprises 0.9% of Trillium Asset Management LLC’s holdings, making the stock its 25th biggest position. Trillium Asset Management LLC’s holdings in Travelers Companies were worth $30,934,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in TRV. Norges Bank acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $723,339,000. AustralianSuper Pty Ltd increased its stake in shares of Travelers Companies by 102.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock worth $263,537,000 after purchasing an additional 458,746 shares during the period. Woodline Partners LP acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $99,680,000. AQR Capital Management LLC lifted its holdings in Travelers Companies by 22.8% during the 3rd quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock worth $496,872,000 after purchasing an additional 331,170 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in Travelers Companies by 258.5% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 372,513 shares of the insurance provider’s stock worth $99,662,000 after purchasing an additional 268,600 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,853,239.50. This trade represents a 51.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $1,607,678.10. This trade represents a 35.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is currently owned by insiders.

Travelers Companies Stock Performance

NYSE:TRV opened at $304.62 on Friday. The stock has a 50 day simple moving average of $300.22 and a 200 day simple moving average of $294.52. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market cap of $64.78 billion, a P/E ratio of 9.06, a PEG ratio of 2.74 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the company earned $1.91 EPS. The company’s revenue was down 1.7% on a year-over-year basis. Research analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio is 14.88%.

Analyst Upgrades and Downgrades

TRV has been the subject of several research reports. Evercore reissued an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Barclays cut Travelers Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $331.00 to $295.00 in a report on Friday. BMO Capital Markets lifted their price target on Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $309.07.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.