Burns Matteson Capital Management LLC Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

Burns Matteson Capital Management LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,830 shares of the insurance provider's stock, valued at approximately $484,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Smith Salley Wealth Management lifted 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 acquiring an additional 44 shares during the period. Windsor Capital Management LLC lifted its holdings in Travelers Companies by 3.7% during the 1st quarter. Windsor Capital Management LLC now owns 1,351 shares of the insurance provider's stock valued at $357,000 after purchasing an additional 48 shares during the last quarter. JT Stratford LLC lifted its holdings in Travelers Companies by 0.8% during 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 during the last quarter. Trifecta Capital Advisors LLC lifted its holdings in Travelers Companies by 13.4% during 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 during the last quarter. Finally, BLB&B Advisors LLC lifted its holdings in Travelers Companies by 3.6% during 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 during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Up 1.5%

Shares of Travelers Companies stock traded up $3.96 on Friday, hitting $265.77. The company had a trading volume of 1,687,842 shares, compared to its average volume of 1,294,808. The firm has a market capitalization of $60.03 billion, a P/E ratio of 14.47, a P/E/G ratio of 3.72 and a beta of 0.51. The Travelers Companies, Inc. has a twelve month low of $202.95 and a twelve month high of $277.83. 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 stock has a 50-day moving average of $266.00 and a 200-day moving average of $256.07.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 earnings per share. Research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given 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 23.95%.

Insiders Place Their Bets

In other news, insider Avrohom J. Kess sold 23,434 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider owned 48,387 shares of the company's stock, valued at $13,254,650.91. The trade was a 32.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider directly owned 255,086 shares in the company, 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. Insiders have sold a total of 163,869 shares of company stock valued at $44,868,201 over the last 90 days. 1.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TRV. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday. HSBC downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Monday, March 24th. UBS Group dropped their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. 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 note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $274.61.

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.