29,500 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 29,500 shares of the insurance provider's stock, valued at approximately $7,802,000.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TRV. Barclays dropped their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. upped 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. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a report on Wednesday, May 28th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $271.11.

Insider Buying and Selling at Travelers Companies

In other news, EVP Maria Olivo sold 36,199 shares of the 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 sale, the executive vice president now owns 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 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 stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider now directly owns 255,086 shares in the company, valued at $70,021,107. This represents a 0.78% 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 over the last 90 days. 1.46% of the stock is owned by insiders.

Travelers Companies Trading Down 1.0%

NYSE TRV traded down $2.78 during trading hours on Friday, reaching $263.17. The company had a trading volume of 992,437 shares, compared to its average volume of 1,290,909. The stock has a 50-day moving average of $264.17 and a 200 day moving average of $254.25. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year 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 0.29. The stock has a market capitalization of $59.44 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter in the prior year, the company posted $4.69 earnings per share. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is presently 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.