The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Reduced by Sumitomo Life Insurance Co.

Sumitomo Life Insurance Co. cut its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,751 shares of the insurance provider’s stock after selling 174 shares during the period. Sumitomo Life Insurance Co.’s holdings in Travelers Companies were worth $1,385,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TRV. NewEdge Advisors LLC raised its position in Travelers Companies by 14.9% during the second quarter. NewEdge Advisors LLC now owns 24,875 shares of the insurance provider’s stock valued at $5,058,000 after acquiring an additional 3,228 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of Travelers Companies by 10.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 2,817 shares of the insurance provider’s stock worth $573,000 after purchasing an additional 261 shares during the last quarter. Advisory Alpha LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at $218,000. Cetera Investment Advisers lifted its stake in shares of Travelers Companies by 7.4% in the 2nd quarter. Cetera Investment Advisers now owns 48,921 shares of the insurance provider’s stock valued at $9,948,000 after purchasing an additional 3,380 shares during the last quarter. Finally, New Century Financial Group LLC acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at $324,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Roth Mkm raised their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a research report on Wednesday, January 8th. Wells Fargo & Company increased their price target on Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a report on Thursday, January 23rd. Finally, HSBC upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Stock Performance

TRV opened at $249.85 on Thursday. The stock has a market cap of $56.72 billion, a PE ratio of 11.64, a P/E/G ratio of 1.09 and a beta of 0.65. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The stock’s 50 day simple moving average is $247.48 and its 200-day simple moving average is $238.07. The company has a current ratio of 0.33, a quick ratio of 0.34 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the company posted $7.01 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio is 19.56%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the sale, the insider now owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

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.