Braun Stacey Associates Inc. Has $31.64 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Braun Stacey Associates Inc. raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,652 shares of the insurance provider's stock after acquiring an additional 7,436 shares during the quarter. Travelers Companies comprises approximately 1.3% of Braun Stacey Associates Inc.'s investment portfolio, making the stock its 18th biggest holding. Braun Stacey Associates Inc. owned approximately 0.05% of Travelers Companies worth $31,643,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. Ameriflex Group Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $26,000. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $26,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $30,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $33,000. Finally, Generali Investments Management Co LLC acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $37,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 36,199 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the completion of the transaction, the executive vice president directly owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the 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 transaction, the chief executive officer directly owned 262,329 shares of the company's stock, valued at $71,820,433.62. This trade represents a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock valued at $44,868,201 in the last 90 days. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Down 1.1%

Shares of NYSE:TRV traded down $2.72 during mid-day trading on Tuesday, reaching $256.27. 1,522,436 shares of the stock were exchanged, compared to its average volume of 1,288,300. 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 company has a market cap of $57.88 billion, a P/E ratio of 13.95, a P/E/G ratio of 3.79 and a beta of 0.51. The Travelers Companies, Inc. has a one year low of $202.83 and a one year high of $277.83. The stock's 50 day simple moving average is $267.67 and its 200-day simple moving average is $255.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same period last year, the company earned $4.69 earnings per share. As a group, 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 was paid on Monday, June 30th. Investors of record on Tuesday, June 10th were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, June 10th. This is an increase 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 1.72%. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRV. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research report on Monday, March 24th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $280.00 to $274.00 in a research note on Monday. JPMorgan Chase & Co. increased 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. Finally, Jefferies Financial Group boosted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Travelers Companies currently has an average rating of "Hold" and a consensus target price of $270.79.

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.