Sheaff Brock Investment Advisors LLC Trims Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Sheaff Brock Investment Advisors LLC lowered its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 18,319 shares of the insurance provider’s stock after selling 169 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Travelers Companies were worth $4,413,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of TRV. YANKCOM Partnership purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $27,000. True Wealth Design LLC acquired a new stake in Travelers Companies during the 3rd quarter valued at approximately $41,000. Asset Planning Inc purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $44,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Travelers Companies in the third quarter worth $50,000. Finally, Versant Capital Management Inc raised its holdings in shares of Travelers Companies by 581.1% during the fourth quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 215 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRV has been the topic of several recent research reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $268.00 price target (down from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. BMO Capital Markets boosted their price target on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a report on Friday, January 24th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Finally, Barclays boosted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $260.47.

Travelers Companies Trading Down 2.0 %

Shares of TRV opened at $238.25 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 $54.09 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The firm’s fifty day moving average is $242.76 and its two-hundred day moving average is $240.63. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $7.01 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. The ex-dividend date is Monday, March 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.76%. Travelers Companies’s dividend payout ratio is presently 19.56%.

Insider Buying and Selling

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