Heck Capital Advisors LLC Purchases Shares of 3,851 The Travelers Companies, Inc. (NYSE:TRV)

Heck Capital Advisors LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,851 shares of the insurance provider's stock, valued at approximately $928,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of Travelers Companies by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after buying an additional 41 shares during the period. Quent Capital LLC boosted its holdings in shares of Travelers Companies by 3.3% in the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider's stock worth $328,000 after buying an additional 43 shares during the period. Lake Street Advisors Group LLC boosted its holdings in shares of Travelers Companies by 2.0% in the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after buying an additional 46 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Travelers Companies by 0.5% during the fourth quarter. Tectonic Advisors LLC now owns 8,752 shares of the insurance provider's stock worth $2,108,000 after purchasing an additional 47 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Travelers Companies by 7.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock worth $173,000 after purchasing an additional 47 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the transaction, the chief executive officer now owns 262,329 shares of the company's stock, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at $1,657,685.25. This trade represents a 71.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

TRV has been the subject of several research reports. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Monday, March 24th. Finally, Barclays reduced their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $271.11.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $1.54 on Friday, reaching $275.95. The stock had a trading volume of 2,689,910 shares, compared to its average volume of 1,296,158. The business's 50-day moving average price is $261.47 and its two-hundred day moving average price is $253.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $277.65. The stock has a market cap of $62.52 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the previous year, the company earned $4.69 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is 23.95%.

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.