Concurrent Investment Advisors LLC Raises Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Concurrent Investment Advisors LLC grew its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 47.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,305 shares of the insurance provider's stock after buying an additional 1,703 shares during the quarter. Concurrent Investment Advisors LLC's holdings in Travelers Companies were worth $1,403,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its position in Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider's stock worth $5,207,499,000 after buying an additional 117,108 shares in the last quarter. FMR LLC increased its position in Travelers Companies by 1.6% in the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider's stock worth $3,439,392,000 after buying an additional 229,160 shares in the last quarter. Geode Capital Management LLC increased its position in Travelers Companies by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider's stock worth $1,269,321,000 after buying an additional 182,270 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Travelers Companies by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock worth $903,937,000 after buying an additional 70,036 shares in the last quarter. Finally, Bank of America Corp DE increased its position in Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after buying an additional 2,466,098 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

Travelers Companies stock traded down $2.72 during midday trading on Tuesday, reaching $256.27. 1,522,436 shares of the stock traded hands, compared to its average volume of 1,286,562. The stock's fifty day moving average is $267.83 and its 200-day moving average is $255.53. The Travelers Companies, Inc. has a 12 month low of $202.69 and a 12 month high of $277.83. The stock has a market cap of $57.88 billion, a P/E ratio of 13.95, a PEG ratio of 3.87 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the prior year, the business posted $4.69 earnings per share. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a dividend of $1.10 per share. The ex-dividend date of this dividend 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 yield of 1.72%. Travelers Companies's dividend payout ratio is 23.95%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 23,434 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the sale, the insider directly owned 48,387 shares in the company, valued at $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Daniel S. Frey sold 20,286 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the sale, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,869 shares of company stock valued at $44,868,201. Corporate insiders own 1.46% of the company's stock.

Analyst Ratings Changes

TRV has been the subject of a number of analyst reports. HSBC cut 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. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Wells Fargo & Company upped their price objective on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. UBS Group dropped their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and a consensus price target of $270.79.

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.