White Pine Capital LLC Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

White Pine Capital LLC trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,095 shares of the insurance provider’s stock after selling 589 shares during the quarter. White Pine Capital LLC’s holdings in Travelers Companies were worth $1,923,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Clearbridge Investments LLC boosted its stake in shares of Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after purchasing an additional 623,974 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in shares of Travelers Companies by 1,826.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after acquiring an additional 486,098 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Travelers Companies by 19,918.1% in the fourth quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after acquiring an additional 473,453 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Travelers Companies by 940.1% in the third quarter. Assenagon Asset Management S.A. now owns 355,366 shares of the insurance provider’s stock valued at $58,035,000 after acquiring an additional 321,198 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Travelers Companies by 57.7% in the third quarter. Envestnet Asset Management Inc. now owns 626,172 shares of the insurance provider’s stock valued at $102,260,000 after acquiring an additional 229,071 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,500 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total value of $533,850.00. Following the completion of the transaction, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,490,710.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 2,500 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total value of $533,850.00. Following the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,490,710.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,734 shares of company stock valued at $17,208,404. 1.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on TRV shares. Piper Sandler reiterated a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a report on Monday, April 1st. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Jefferies Financial Group reduced their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. Raymond James boosted their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Finally, The Goldman Sachs Group boosted their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $223.47.

Travelers Companies Stock Performance

NYSE TRV traded down $0.54 during trading hours on Friday, reaching $213.45. The stock had a trading volume of 1,706,046 shares, compared to its average volume of 1,389,936. The stock has a fifty day moving average of $221.50 and a 200 day moving average of $198.41. The stock has a market cap of $48.88 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business 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 quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.11 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.74 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s dividend payout ratio is currently 29.72%.

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.