The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Sloy Dahl & Holst LLC

Sloy Dahl & Holst LLC lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 16.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,252 shares of the insurance provider’s stock after selling 247 shares during the quarter. Sloy Dahl & Holst LLC’s holdings in Travelers Companies were worth $288,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of TRV. Bank of Nova Scotia grew its stake in Travelers Companies by 14.0% during the 3rd quarter. Bank of Nova Scotia now owns 25,437 shares of the insurance provider’s stock valued at $4,154,000 after purchasing an additional 3,124 shares in the last quarter. Gotham Asset Management LLC grew its stake in Travelers Companies by 6.3% during the 3rd quarter. Gotham Asset Management LLC now owns 15,209 shares of the insurance provider’s stock valued at $2,484,000 after purchasing an additional 899 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in Travelers Companies by 6.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 1,412 shares of the insurance provider’s stock valued at $231,000 after purchasing an additional 90 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in Travelers Companies by 79.9% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 44,847 shares of the insurance provider’s stock valued at $7,324,000 after purchasing an additional 19,921 shares in the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in Travelers Companies by 23.7% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,390 shares of the insurance provider’s stock valued at $227,000 after purchasing an additional 266 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TRV shares. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Jefferies Financial Group reduced their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. Keefe, Bruyette & Woods reduced their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Finally, HSBC increased their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a report on Thursday, April 4th. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $221.12.

Travelers Companies Stock Performance

TRV stock traded down $1.75 during trading on Wednesday, reaching $201.91. 95,280 shares of the company’s stock were exchanged, compared to its average volume of 1,385,742. 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 1-year low of $157.33 and a 1-year high of $232.75. The company’s fifty day moving average price is $212.03 and its 200-day moving average price is $211.99. The firm has a market cap of $46.24 billion, a PE ratio of 15.17, a P/E/G ratio of 1.08 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results 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). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter last year, the firm posted $4.11 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 17.52 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date was Monday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is 31.20%.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is owned by company insiders.

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.