The Travelers Companies, Inc. (NYSE:TRV) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lessened its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,594 shares of the insurance provider’s stock after selling 56 shares during the period. Institute for Wealth Management LLC.’s holdings in Travelers Companies were worth $1,347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TRV. Wolff Wiese Magana LLC increased its holdings in Travelers Companies by 39.1% during the 3rd quarter. Wolff Wiese Magana LLC now owns 160 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 45 shares in the last quarter. True Wealth Design LLC purchased a new position in shares of Travelers Companies during the 3rd quarter worth approximately $41,000. Catalyst Capital Advisors LLC acquired a new position in shares of Travelers Companies during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc lifted its stake in Travelers Companies by 581.1% in the 4th quarter. Versant Capital Management Inc now owns 252 shares of the insurance provider’s stock valued at $61,000 after buying an additional 215 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its holdings in Travelers Companies by 22.1% during the 3rd quarter. Salomon & Ludwin LLC now owns 276 shares of the insurance provider’s stock valued at $65,000 after buying an additional 50 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $29,102,211.60. This 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 insiders.

Travelers Companies Trading Down 0.2 %

Shares of TRV opened at $249.02 on Friday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $269.55. The stock’s 50-day moving average is $247.33 and its two-hundred day moving average is $238.15. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.34. The stock has a market cap of $56.53 billion, a PE ratio of 11.60, a P/E/G ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the company posted $7.01 EPS. Travelers Companies’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities 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. Investors of record on Monday, March 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent research reports. BMO Capital Markets upped their price objective on Travelers Companies from $275.00 to $297.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Barclays boosted their price objective on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada restated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group boosted their price target on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Four research 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $260.47.

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.