Alpha Cubed Investments LLC Purchases 2,194 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Alpha Cubed Investments LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 200.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,290 shares of the insurance provider's stock after acquiring an additional 2,194 shares during the period. Alpha Cubed Investments LLC's holdings in Travelers Companies were worth $870,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TRV. Smith Salley Wealth Management increased its holdings in shares of Travelers Companies by 0.6% during the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after buying an additional 44 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Travelers Companies by 7.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock valued at $173,000 after buying an additional 47 shares during the last quarter. JT Stratford LLC raised its stake in shares of Travelers Companies by 0.8% in the 4th quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock valued at $1,456,000 after purchasing an additional 49 shares in the last quarter. Trifecta Capital Advisors LLC raised its stake in shares of Travelers Companies by 13.4% in the 1st quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock valued at $112,000 after purchasing an additional 50 shares in the last quarter. Finally, BLB&B Advisors LLC raised its stake in shares of Travelers Companies by 3.6% in the 1st quarter. BLB&B Advisors LLC now owns 1,424 shares of the insurance provider's stock valued at $377,000 after purchasing an additional 50 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TRV shares. 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 research note on Monday, March 24th. Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price objective for the company from $280.00 to $274.00 in a report on Monday. UBS Group decreased their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Finally, JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $271.00.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 9,044 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.17, for a total value of $2,479,593.48. Following the sale, the executive vice president owned 33,638 shares of the company's stock, valued at $9,222,530.46. The trade was a 21.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the completion of the sale, the executive vice president directly owned 118,116 shares in the company, valued at approximately $32,387,407.20. The trade was a 23.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock valued at $44,868,201 in the last quarter. 1.46% of the stock is currently owned by insiders.

Travelers Companies Stock Down 0.7%

Shares of TRV stock traded down $1.73 on Friday, hitting $254.26. The company's stock had a trading volume of 782,224 shares, compared to its average volume of 1,287,687. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $202.95 and a fifty-two week high of $277.83. The firm's fifty day moving average price is $267.10 and its 200-day moving average price is $255.71. The stock has a market capitalization of $57.43 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 3.75 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analyst estimates 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 business earned $4.69 EPS. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a dividend of $1.10 per share. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date was Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.73%. Travelers Companies's payout ratio is currently 23.95%.

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.