ProVise Management Group LLC Reduces Holdings in The Travelers Companies, Inc. (NYSE:TRV)

ProVise Management Group LLC reduced its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,071 shares of the insurance provider’s stock after selling 84 shares during the quarter. ProVise Management Group LLC’s holdings in Travelers Companies were worth $1,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Orion Portfolio Solutions LLC boosted its stake in Travelers Companies by 126.0% during the fourth quarter. Orion Portfolio Solutions LLC now owns 16,573 shares of the insurance provider’s stock worth $3,187,000 after buying an additional 9,240 shares during the last quarter. Team Hewins LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $682,000. SageView Advisory Group LLC acquired a new stake in Travelers Companies during the fourth quarter worth about $455,000. Cambridge Investment Research Advisors Inc. raised its stake in Travelers Companies by 3.2% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,926 shares of the insurance provider’s stock worth $5,129,000 after purchasing an additional 836 shares during the period. Finally, Pzena Investment Management LLC boosted its holdings in Travelers Companies by 2.5% in the 4th quarter. Pzena Investment Management LLC now owns 2,406 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 value of $776,726.80. Following the completion of the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $3,980,827 over the last 90 days. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Up 0.5 %

Shares of Travelers Companies stock traded up $1.09 during trading hours on Friday, reaching $213.33. 649,983 shares of the company were exchanged, compared to its average volume of 1,041,232. The firm has a market cap of $48.85 billion, a PE ratio of 15.85, a PEG ratio of 1.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The stock’s fifty day moving average is $219.73 and its 200 day moving average is $205.49.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.11 earnings per share. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.85 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $1.05 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 annualized dividend and a yield of 1.97%. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TRV shares. UBS Group cut their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. JPMorgan Chase & Co. lifted their target price on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Keefe, Bruyette & Woods lowered their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $240.00 target price on shares of Travelers Companies in a research report on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $222.65.

Travelers Companies 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.