BFI Infinity Ltd. Invests $487,000 in The Travelers Companies, Inc. (NYSE:TRV)

BFI Infinity Ltd. purchased a new stake 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 (SEC). The institutional investor purchased 1,840 shares of the insurance provider's stock, valued at approximately $487,000. Travelers Companies comprises approximately 0.5% of BFI Infinity Ltd.'s investment portfolio, making the stock its 25th biggest position.

Other institutional investors have also modified their holdings of the company. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $26,000. Putney Financial Group LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Kapitalo Investimentos Ltda acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $30,000. Wood Tarver Financial Group LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at approximately $33,000. Finally, Generali Investments Management Co LLC acquired a new stake in Travelers Companies in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Jefferies Financial Group upped their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Barclays cut their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Evercore ISI lifted their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus price target of $271.11.

Travelers Companies Stock Performance

Travelers Companies stock traded down $1.80 during midday trading on Wednesday, hitting $261.20. 1,326,322 shares of the company's stock were exchanged, compared to its average volume of 1,293,618. 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 stock has a market cap of $58.99 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $277.83. The firm's 50 day simple moving average is $262.62 and its 200 day simple moving average is $254.17.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the previous year, the firm posted $4.69 EPS. Equities research analysts predict 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. Shareholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.68%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is presently 23.95%.

Insiders Place Their Bets

In other Travelers Companies news, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the sale, the chief executive officer now owns 262,329 shares of the company's stock, valued at approximately $71,820,433.62. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the transaction, the insider now owns 255,086 shares of the company's stock, valued at $70,021,107. This represents a 0.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is owned by insiders.

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.