AdvisorNet Financial Inc Sells 1,060 Shares of The Travelers Companies, Inc. (NYSE:TRV)

AdvisorNet Financial Inc lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 31.5% during the first quarter, HoldingsChannel.com reports. The fund owned 2,309 shares of the insurance provider’s stock after selling 1,060 shares during the period. AdvisorNet Financial Inc’s holdings in Travelers Companies were worth $531,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwest Financial Advisors bought a new stake in Travelers Companies during the 4th quarter worth approximately $32,000. Private Wealth Management Group LLC bought a new stake in Travelers Companies during the 4th quarter worth approximately $39,000. Valued Wealth Advisors LLC bought a new stake in Travelers Companies during the 4th quarter worth approximately $40,000. OLD Second National Bank of Aurora bought a new stake in Travelers Companies during the 4th quarter worth approximately $41,000. Finally, Opal Wealth Advisors LLC bought a new stake in Travelers Companies during the 1st quarter worth approximately $42,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly 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 available at the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock valued at $3,980,827 in the last quarter. Company insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 0.6 %

Shares of TRV opened at $211.09 on Tuesday. The stock has a market capitalization of $48.34 billion, a P/E ratio of 15.68, a PEG ratio of 1.09 and a beta of 0.62. 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 firm has a fifty day simple moving average of $213.06 and a two-hundred day simple moving average of $211.06. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly 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 firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.11 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.79 EPS for the current year.

Travelers Companies Increases Dividend

The company 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. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 annualized dividend and a yield of 1.99%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is presently 31.20%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRV. TD Cowen decreased their target price on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Keefe, Bruyette & Woods decreased their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Finally, Morgan Stanley increased 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. Two equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $222.65.

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.