International Assets Investment Management LLC Sells 473,445 Shares of The Travelers Companies, Inc. (NYSE:TRV)

International Assets Investment Management LLC trimmed its position in The Travelers Companies, Inc. (NYSE:TRV) by 99.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,385 shares of the insurance provider’s stock after selling 473,445 shares during the period. International Assets Investment Management LLC’s holdings in Travelers Companies were worth $544,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northwest Financial Advisors bought a new stake in Travelers Companies in the 4th quarter valued at about $32,000. Private Wealth Management Group LLC acquired a new position in Travelers Companies during the 4th quarter valued at about $39,000. Valued Wealth Advisors LLC acquired a new position in Travelers Companies during the 4th quarter valued at about $40,000. OLD Second National Bank of Aurora acquired a new position in Travelers Companies during the 4th quarter valued at about $41,000. Finally, Operose Advisors LLC acquired a new position in Travelers Companies during the 3rd quarter valued at about $43,000. 82.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction 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 $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction 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 $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The disclosure for this sale can be found here. Insiders sold a total of 18,635 shares of company stock worth $3,980,827 over the last three months. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the subject of a number of analyst reports. Keefe, Bruyette & Woods cut their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Morgan Stanley lifted their price target on shares of Travelers Companies from $214.00 to $216.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Finally, Evercore ISI lowered their target price on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $222.65.

Travelers Companies Stock Down 1.0 %

Shares of NYSE:TRV opened at $209.80 on Monday. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The firm has a fifty day moving average of $213.26 and a 200 day moving average of $210.85. The firm has a market capitalization of $48.04 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.10 and a beta of 0.62. 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 (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter last year, the firm posted $4.11 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.79 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.00%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

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.