Goelzer Investment Management Inc. Cuts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Goelzer Investment Management Inc. decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.6% during the third quarter, Holdings Channel.com reports. The firm owned 39,600 shares of the insurance provider’s stock after selling 232 shares during the period. Goelzer Investment Management Inc.’s holdings in Travelers Companies were worth $9,271,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd purchased a new stake in Travelers Companies during the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC purchased a new position in Travelers Companies during the first quarter worth $35,000. Beacon Capital Management LLC increased its position in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in shares of Travelers Companies in the first quarter valued at $42,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth about $45,000. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV traded up $2.91 during trading hours on Friday, hitting $236.21. 650,285 shares of the stock were exchanged, compared to its average volume of 1,264,064. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $243.48. The stock has a 50-day moving average of $226.20 and a 200 day moving average of $218.64. The company has a market cap of $53.84 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter last year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.16 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th were given a $1.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.78%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TRV. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and decreased their price target for the company from $252.00 to $230.00 in a research note on Monday, July 15th. JPMorgan Chase & Co. increased their price target on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Finally, Morgan Stanley dropped their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $227.05.

About Travelers Companies

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.