Westside Investment Management Inc. Has $35,000 Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Westside Investment Management Inc. trimmed its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 47.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 152 shares of the insurance provider’s stock after selling 139 shares during the quarter. Westside Investment Management Inc.’s holdings in Travelers Companies were worth $35,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after purchasing an additional 148,012 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Travelers Companies by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after acquiring an additional 154,886 shares during the last quarter. Norges Bank bought a new position in shares of Travelers Companies during the fourth quarter worth about $282,593,000. Charles Schwab Investment Management Inc. raised its position in shares of Travelers Companies by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock worth $273,529,000 after acquiring an additional 40,114 shares during the last quarter. Finally, Boston Partners raised its position in shares of Travelers Companies by 42.5% during the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after acquiring an additional 355,489 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

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

Travelers Companies Trading Up 0.0 %

Shares of Travelers Companies stock opened at $203.69 on Friday. The stock has a fifty day simple moving average of $211.84 and a 200 day simple moving average of $211.94. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a market capitalization of $46.64 billion, a P/E ratio of 15.13, a price-to-earnings-growth ratio of 1.09 and a beta of 0.61. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

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 the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate 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 quarter last year, the company posted $4.11 EPS. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.44 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Monday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is 31.20%.

Analyst Ratings Changes

TRV has been the subject of a number of analyst reports. Jefferies Financial Group lowered their price objective on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, April 19th. UBS Group lowered their price objective on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. HSBC raised their price objective on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Piper Sandler reissued a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a research note on Monday, April 1st. Finally, The Goldman Sachs Group boosted their price target on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $221.12.

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.