LVM Capital Management Ltd. MI Reduces Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

LVM Capital Management Ltd. MI lessened its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,256 shares of the insurance provider’s stock after selling 118 shares during the period. LVM Capital Management Ltd. MI’s holdings in Travelers Companies were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of TRV. Ledyard National Bank lifted its stake in Travelers Companies by 1.9% in the third quarter. Ledyard National Bank now owns 2,067 shares of the insurance provider’s stock worth $484,000 after acquiring an additional 39 shares during the last quarter. Trueblood Wealth Management LLC raised its stake in Travelers Companies by 2.3% in the third quarter. Trueblood Wealth Management LLC now owns 1,807 shares of the insurance provider’s stock valued at $423,000 after buying an additional 41 shares in the last quarter. Cornell Pochily Investment Advisors Inc. boosted its position in shares of Travelers Companies by 2.9% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 1,499 shares of the insurance provider’s stock worth $351,000 after acquiring an additional 42 shares in the last quarter. Willner & Heller LLC raised its position in shares of Travelers Companies by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 1,146 shares of the insurance provider’s stock worth $268,000 after acquiring an additional 45 shares in the last quarter. Finally, Wolff Wiese Magana LLC lifted its stake in Travelers Companies by 39.1% during the third quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 40,524 shares of the business’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $260.12, for a total value of $10,541,102.88. Following the completion of the transaction, the chief executive officer now directly owns 221,924 shares of the company’s stock, valued at $57,726,870.88. The trade was a 15.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,149 shares of company stock valued at $20,295,856. Insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of several recent analyst reports. BMO Capital Markets increased their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Bank of America lifted their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the stock an “underperform” rating in a research note on Thursday, October 17th. Royal Bank of Canada boosted their price target on shares of Travelers Companies from $250.00 to $273.00 and gave the company a “sector perform” rating in a research report on Friday, October 18th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $217.00 price objective (down previously from $256.00) on shares of Travelers Companies in a report on Wednesday, December 11th. Finally, The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a report on Wednesday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $254.85.

Travelers Companies Price Performance

Travelers Companies stock traded down $9.76 during midday trading on Friday, reaching $233.01. The company’s stock had a trading volume of 872,440 shares, compared to its average volume of 1,144,571. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $191.88 and a fifty-two week high of $269.55. The firm has a market capitalization of $52.90 billion, a PE ratio of 11.95, a P/E/G ratio of 1.17 and a beta of 0.65. The stock’s 50 day simple moving average is $250.99 and its 200 day simple moving average is $234.44.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 17th. The insurance provider reported $5.24 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.45. The company had revenue of $11.90 billion for the quarter, compared to analyst estimates of $11.46 billion. Travelers Companies had a net margin of 10.02% and a return on equity of 17.69%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.95 earnings per share. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 18.84 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th were given a dividend of $1.05 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.80%. Travelers Companies’s payout ratio is 21.54%.

Travelers Companies Company 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.