Clare Market Investments LLC Purchases New Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Clare Market Investments LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,802 shares of the insurance provider's stock, valued at approximately $741,000.

Several other large investors have also made changes to their positions in the business. Bank of America Corp DE boosted its stake in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after purchasing an additional 2,466,098 shares during the period. Norges Bank purchased a new stake in shares of Travelers Companies in the 4th quarter worth $560,918,000. GAMMA Investing LLC lifted its holdings in shares of Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after buying an additional 2,196,426 shares during the period. Balyasny Asset Management L.P. grew its position in shares of Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after buying an additional 907,266 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Travelers Companies during the fourth quarter valued at $138,619,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TRV. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a report on Monday, March 24th. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a report on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Finally, Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average price target of $271.11.

Travelers Companies Stock Performance

TRV traded up $2.83 during trading on Friday, reaching $273.85. 695,471 shares of the company's stock were exchanged, compared to its average volume of 1,289,844. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.83. The company's fifty day simple moving average is $262.37 and its 200-day simple moving average is $254.04. The stock has a market capitalization of $62.05 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period in the previous year, the firm posted $4.69 earnings per share. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Insider Buying and Selling at Travelers Companies

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the sale, the chief executive officer now directly owns 262,329 shares in the company, valued at $71,820,433.62. This trade represents a 11.91% 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 Mojgan M. Lefebvre sold 6,149 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.71, for a total value of $1,683,042.79. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by company insiders.

About Travelers Companies

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.