Allegiance Financial Group Advisory Services LLC Buys Shares of 1,062 The Travelers Companies, Inc. (NYSE:TRV)

Allegiance Financial Group Advisory Services LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,062 shares of the insurance provider's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC boosted its stake in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after buying an additional 84 shares in the last quarter. Putney Financial Group LLC bought a new position in Travelers Companies during the fourth quarter valued at about $26,000. Ameriflex Group Inc. bought a new position in Travelers Companies during the fourth quarter valued at about $26,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies during the fourth quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC bought a new position in Travelers Companies during the fourth quarter valued at about $33,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 20,286 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares in the company, valued at $7,365,363.36. This trade represents a 42.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the transaction, the insider owned 255,086 shares of the company's stock, valued at $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on TRV shares. JPMorgan Chase & Co. raised their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a report on Friday. Hsbc Global Res lowered Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, HSBC lowered 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. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $274.61.

Travelers Companies Stock Up 1.5%

TRV traded up $3.96 on Friday, hitting $265.77. 1,687,842 shares of the company were exchanged, compared to its average volume of 1,295,197. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock's fifty day moving average is $265.92 and its 200-day moving average is $256.24. The company has a market cap of $60.03 billion, a PE ratio of 11.75, a PEG ratio of 3.86 and a beta of 0.51. The Travelers Companies, Inc. has a 12 month low of $202.95 and a 12 month high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 earnings per share. Equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 19.46%.

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.