Northwest Quadrant Wealth Management LLC Lowers Position in The Travelers Companies, Inc. (NYSE:TRV)

Northwest Quadrant Wealth Management LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) by 8.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,313 shares of the insurance provider’s stock after selling 121 shares during the quarter. Northwest Quadrant Wealth Management LLC’s holdings in Travelers Companies were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Travelers Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after acquiring an additional 148,012 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Travelers Companies by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after buying an additional 154,886 shares during the last quarter. Norges Bank bought a new position in Travelers Companies during the fourth quarter valued at about $282,593,000. Charles Schwab Investment Management Inc. grew its position in Travelers Companies by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock valued at $273,529,000 after buying an additional 40,114 shares during the period. Finally, Boston Partners increased its holdings in Travelers Companies by 42.5% during the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after buying an additional 355,489 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TRV. The Goldman Sachs Group raised their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a research report on Monday. Keefe, Bruyette & Woods decreased their price objective 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. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Finally, HSBC lifted their target price on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research note on Thursday, April 4th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $222.65.

Get Our Latest Research Report on Travelers Companies

Travelers Companies Price Performance

NYSE:TRV traded down $2.17 during midday trading on Tuesday, hitting $208.92. The company had a trading volume of 374,228 shares, compared to its average volume of 1,386,043. The company has a market capitalization of $47.84 billion, a PE ratio of 15.68, a P/E/G ratio of 1.09 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The stock’s fifty day moving average price is $213.06 and its 200-day moving average price is $211.06.

Travelers Companies (NYSE:TRVGet Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.11 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.79 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm 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 dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 annualized dividend and a dividend yield of 2.01%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Insider Activity

In related news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at approximately $3,941,843.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s 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 transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is currently owned by insiders.

Travelers Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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