Goelzer Investment Management Inc. Sells 232 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Goelzer Investment Management Inc. cut its stake in The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after buying an additional 3,158,979 shares during the period. Acadian Asset Management LLC lifted its position in shares of Travelers Companies by 356.4% in the 2nd quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock worth $176,589,000 after acquiring an additional 678,241 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in shares of Travelers Companies during the 1st quarter worth approximately $88,190,000. Point72 Asset Management L.P. increased its position in shares of Travelers Companies by 6,167.2% during the fourth quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock valued at $63,596,000 after purchasing an additional 328,527 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Travelers Companies by 324.9% in the second quarter. Renaissance Technologies LLC now owns 301,584 shares of the insurance provider’s stock valued at $61,324,000 after purchasing an additional 230,612 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRV. Bank of America lifted their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, September 28th. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Finally, TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $227.05.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were 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 of the company’s stock, valued at $4,820,409.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

Travelers Companies stock traded up $2.91 during midday trading on Friday, hitting $236.21. 650,285 shares of the company’s stock were exchanged, compared to its average volume of 1,264,064. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market cap of $53.84 billion, a P/E ratio of 17.55, a PEG ratio of 1.23 and a beta of 0.62. The stock has a 50-day moving average price of $226.20 and a two-hundred day moving average price of $218.64.

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 firm had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter last year, the company posted $0.06 earnings per share. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, 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 business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s payout ratio is currently 31.20%.

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.