Goelzer Investment Management Inc. Has $9.33 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Goelzer Investment Management Inc. cut its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 38,709 shares of the insurance provider’s stock after selling 891 shares during the quarter. Goelzer Investment Management Inc.’s holdings in Travelers Companies were worth $9,325,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TRV. State Street Corp increased its position in shares of Travelers Companies by 0.8% during the third quarter. State Street Corp now owns 15,566,941 shares of the insurance provider’s stock worth $3,644,532,000 after acquiring an additional 120,228 shares in the last quarter. FMR LLC increased its holdings in Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock worth $3,289,079,000 after purchasing an additional 1,568,909 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Travelers Companies by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,076,220 shares of the insurance provider’s stock valued at $1,187,865,000 after purchasing an additional 114,714 shares during the period. Legal & General Group Plc lifted its holdings in shares of Travelers Companies by 1.6% in the second quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after purchasing an additional 37,029 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Travelers Companies by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,496,652 shares of the insurance provider’s stock worth $350,396,000 after buying an additional 10,285 shares during the period. 82.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRV. Royal Bank of Canada restated a “sector perform” rating and issued a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research note on Thursday. The Goldman Sachs Group upgraded 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. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $213.00 to $225.00 and gave the company an “underweight” rating in a research note on Thursday. Jefferies Financial Group increased their price objective on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Roth Mkm lifted their target price on Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $260.11.

Travelers Companies Stock Performance

NYSE TRV opened at $241.29 on Friday. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55. The stock has a market cap of $54.78 billion, a PE ratio of 11.24, a P/E/G ratio of 1.09 and a beta of 0.65. The firm has a 50-day moving average of $248.31 and a 200-day moving average of $236.80. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, beating the consensus estimate of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10,795,375 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $7.01 earnings per share. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 20.33 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total transaction of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This trade represents a 1.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 10,410 shares of the company’s stock in a transaction on 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. The trade was a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,670 shares of company stock valued at $4,861,329. 1.33% of the stock is owned by company insiders.

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.