Valley Wealth Managers Inc. Trims Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Valley Wealth Managers Inc. decreased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 12.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,894 shares of the insurance provider's stock after selling 2,393 shares during the period. Valley Wealth Managers Inc.'s holdings in Travelers Companies were worth $4,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in shares of Travelers Companies by 3.5% during the 3rd quarter. Creative Planning now owns 84,571 shares of the insurance provider's stock worth $19,800,000 after acquiring an additional 2,875 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Travelers Companies by 3.7% during the 3rd quarter. Global Retirement Partners LLC now owns 1,759 shares of the insurance provider's stock worth $412,000 after acquiring an additional 63 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new stake in Travelers Companies in the 3rd quarter valued at approximately $225,000. Blue Trust Inc. grew its holdings in Travelers Companies by 68.2% during the 3rd quarter. Blue Trust Inc. now owns 5,046 shares of the insurance provider's stock valued at $1,181,000 after buying an additional 2,046 shares during the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in Travelers Companies by 5.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 1,409 shares of the insurance provider's stock valued at $330,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on TRV. Royal Bank of Canada reissued a "sector perform" rating and set a $268.00 price target (down previously from $273.00) on shares of Travelers Companies in a research report on Thursday, January 23rd. Hsbc Global Res raised shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Janney Montgomery Scott downgraded shares of Travelers Companies from a "buy" rating to a "neutral" rating and set a $280.00 target price for the company. in a research note on Thursday, November 21st. Barclays upped their price objective 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. Finally, Wells Fargo & Company upped their price objective on shares of Travelers Companies from $213.00 to $225.00 and gave the company an "underweight" rating in a research note on Thursday, January 23rd. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $261.05.

Travelers Companies Stock Down 0.6 %

NYSE TRV traded down $1.34 on Friday, reaching $239.90. The company had a trading volume of 1,250,687 shares, compared to its average volume of 1,338,822. The firm has a market capitalization of $54.39 billion, a PE ratio of 11.17, a P/E/G ratio of 4.67 and a beta of 0.64. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The firm has a 50-day moving average of $242.04 and a 200-day moving average of $241.51. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. Travelers Companies's quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.01 EPS. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Monday, March 10th. Travelers Companies's dividend payout ratio is presently 19.56%.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 250,384 shares in the company, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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.