The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 72.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,652 shares of the insurance provider’s stock after selling 7,043 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Travelers Companies were worth $505,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its position in Travelers Companies by 4.2% during the third quarter. LPL Financial LLC now owns 150,473 shares of the insurance provider’s stock valued at $24,574,000 after acquiring an additional 6,002 shares in the last quarter. Mariner LLC lifted its stake in shares of Travelers Companies by 2.8% in the 3rd quarter. Mariner LLC now owns 57,663 shares of the insurance provider’s stock valued at $9,417,000 after purchasing an additional 1,577 shares during the period. Stifel Financial Corp boosted its holdings in Travelers Companies by 8.2% during the third quarter. Stifel Financial Corp now owns 185,152 shares of the insurance provider’s stock worth $30,237,000 after buying an additional 13,972 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in Travelers Companies by 5.5% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,301 shares of the insurance provider’s stock valued at $376,000 after buying an additional 120 shares during the period. Finally, Operose Advisors LLC purchased a new position in Travelers Companies in the third quarter valued at $43,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

NYSE:TRV opened at $209.80 on Monday. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The stock has a market cap of $48.04 billion, a PE ratio of 15.59, a P/E/G 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. The stock has a 50 day moving average price of $213.26 and a 200 day moving average price of $210.85.

Travelers Companies (NYSE:TRV) last issued 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 net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the previous year, the company earned $4.11 earnings per share. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 17.79 EPS for the current fiscal year.

Travelers Companies Increases Dividend

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

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent analyst reports. JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Citigroup raised their price objective on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Evercore ISI decreased their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Finally, UBS Group cut their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Two 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $222.65.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on 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 sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The stock was 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 of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 in the last ninety days. 1.33% of the stock is owned by insiders.

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.