3Chopt Investment Partners LLC Makes New $276,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

3Chopt Investment Partners LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,044 shares of the insurance provider's stock, valued at approximately $276,000.

A number of other large investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Travelers Companies by 5.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 45,505 shares of the insurance provider's stock valued at $11,920,000 after buying an additional 2,153 shares in the last quarter. Achmea Investment Management B.V. lifted its stake in shares of Travelers Companies by 1.0% in the first quarter. Achmea Investment Management B.V. now owns 20,008 shares of the insurance provider's stock valued at $5,291,000 after buying an additional 190 shares in the last quarter. Transcend Capital Advisors LLC lifted its stake in shares of Travelers Companies by 5.5% in the first quarter. Transcend Capital Advisors LLC now owns 2,513 shares of the insurance provider's stock valued at $665,000 after buying an additional 131 shares in the last quarter. Trust Co. of Vermont lifted its stake in shares of Travelers Companies by 3.6% in the first quarter. Trust Co. of Vermont now owns 5,685 shares of the insurance provider's stock valued at $1,503,000 after buying an additional 195 shares in the last quarter. Finally, PDS Planning Inc lifted its stake in shares of Travelers Companies by 5.1% in the first quarter. PDS Planning Inc now owns 1,913 shares of the insurance provider's stock valued at $506,000 after buying an additional 92 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday, April 17th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Evercore ISI raised their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Barclays dropped their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $271.11.

Travelers Companies Price Performance

TRV opened at $263.21 on Friday. The company has a market capitalization of $59.45 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 3.85 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $267.30 and a 200-day moving average price of $254.56. The Travelers Companies, Inc. has a twelve month low of $200.40 and a twelve month high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same quarter in the previous year, the company earned $4.69 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.67%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is currently 23.95%.

Insider Activity at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the transaction, the chief executive officer now owns 262,329 shares of the company's stock, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 6,075 shares of the company's stock, valued at approximately $1,657,685.25. The trade was a 71.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,869 shares of company stock valued at $44,868,201. Corporate insiders own 1.46% of the company's stock.

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.

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