West Paces Advisors Inc. Has $893,000 Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

West Paces Advisors Inc. cut its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,882 shares of the insurance provider’s stock after selling 69 shares during the quarter. West Paces Advisors Inc.’s holdings in Travelers Companies were worth $893,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after purchasing an additional 148,012 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Travelers Companies by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after purchasing an additional 154,886 shares in the last quarter. Norges Bank bought a new stake in Travelers Companies during the fourth quarter worth $282,593,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Travelers Companies by 2.9% in 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 purchasing an additional 40,114 shares during the last quarter. Finally, Boston Partners increased its position 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 acquiring an additional 355,489 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of TRV stock traded down $2.98 during trading hours on Wednesday, reaching $205.74. 1,083,199 shares of the company traded hands, compared to its average volume of 1,389,555. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $47.11 billion, a P/E ratio of 15.29, a P/E/G ratio of 1.10 and a beta of 0.62. The firm has a 50-day moving average price of $212.77 and a 200 day moving average price of $211.25.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the previous year, the firm earned $4.11 earnings per share. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.59 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s payout ratio is presently 31.20%.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was 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 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 can be accessed through the SEC website. In other Travelers Companies 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 owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold a total of 18,635 shares of company stock valued at $3,980,827 in the last ninety days. Corporate insiders own 1.33% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of a number of research analyst reports. TD Cowen reduced their price target on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. HSBC increased their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Thursday, April 4th. Jefferies Financial Group dropped their price target on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Finally, Roth Mkm reiterated a “buy” rating and issued a $240.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.