Lederer & Associates Investment Counsel CA Decreases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Lederer & Associates Investment Counsel CA lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,375 shares of the insurance provider’s stock after selling 544 shares during the period. Lederer & Associates Investment Counsel CA’s holdings in Travelers Companies were worth $813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRV. Catalina Capital Group LLC increased its stake in shares of Travelers Companies by 6.1% in the fourth quarter. Catalina Capital Group LLC now owns 1,686 shares of the insurance provider’s stock worth $406,000 after acquiring an additional 97 shares during the period. Stock Yards Bank & Trust Co. increased its stake in shares of Travelers Companies by 2.5% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 4,259 shares of the insurance provider’s stock worth $1,026,000 after acquiring an additional 105 shares during the period. CENTRAL TRUST Co increased its stake in shares of Travelers Companies by 6.0% in the fourth quarter. CENTRAL TRUST Co now owns 3,847 shares of the insurance provider’s stock worth $927,000 after acquiring an additional 219 shares during the period. Greenleaf Trust increased its stake in shares of Travelers Companies by 1.8% in the fourth quarter. Greenleaf Trust now owns 10,497 shares of the insurance provider’s stock worth $2,529,000 after acquiring an additional 183 shares during the period. Finally, Golden State Equity Partners grew its stake in shares of Travelers Companies by 154.7% during the 4th quarter. Golden State Equity Partners now owns 1,648 shares of the insurance provider’s stock worth $397,000 after purchasing an additional 1,001 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 target price for the company in a report on Wednesday, January 8th. UBS Group boosted their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Roth Mkm boosted their price target on shares of Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Janney Montgomery Scott lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target for the company. in a report on Thursday, November 21st. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $260.47.

Insider Activity

In related news, EVP Maria Olivo sold 10,410 shares of the business’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 directly owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now owns 250,384 shares in the company, valued at approximately $66,301,683.20. This trade represents a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 1.5 %

Shares of TRV opened at $245.31 on Monday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $246.75 and its two-hundred day moving average is $238.59. The stock has a market cap of $55.69 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.07 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $7.01 EPS. Research analysts forecast that The Travelers Companies, Inc. will post 20.6 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.71%. Travelers Companies’s payout ratio is 19.56%.

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.