1,396 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by Alpine Bank Wealth Management

Alpine Bank Wealth Management bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,396 shares of the insurance provider's stock, valued at approximately $369,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Yoffe Investment Management LLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $1,202,000. Erste Asset Management GmbH lifted its stake in shares of Travelers Companies by 1.0% in the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after purchasing an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Travelers Companies by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock worth $38,343,000 after purchasing an additional 47,985 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Travelers Companies by 16.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock worth $5,122,000 after buying an additional 3,046 shares during the last quarter. Finally, Banco Santander S.A. raised its holdings in Travelers Companies by 2.3% during the fourth quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider's stock valued at $16,065,000 after buying an additional 1,494 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. UBS Group lowered their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a report on Wednesday, April 9th. Evercore ISI boosted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research note on Wednesday, May 28th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $271.11.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 15,180 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total value of $4,142,166.60. Following the sale, the executive vice president now directly owns 6,075 shares in the company, valued at $1,657,685.25. This represents a 71.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the transaction, the insider now directly owns 255,086 shares of the company's stock, valued at approximately $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,869 shares of company stock valued at $44,868,201. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Stock Performance

TRV stock traded down $5.44 during midday trading on Wednesday, hitting $260.70. The stock had a trading volume of 1,224,029 shares, compared to its average volume of 1,286,438. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $277.83. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a 50-day simple moving average of $266.86 and a 200 day simple moving average of $254.27. The firm has a market capitalization of $58.88 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 3.91 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion for 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 period in the previous year, the business earned $4.69 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.69%. Travelers Companies's dividend payout ratio is presently 23.95%.

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.