Cwm LLC Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Cwm LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 121,684 shares of the insurance provider's stock after purchasing an additional 1,108 shares during the quarter. Cwm LLC owned approximately 0.05% of Travelers Companies worth $32,181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TRV. Cornerstone Planning Group LLC boosted its position in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares during the period. Putney Financial Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth $26,000. Ameriflex Group Inc. purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $26,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $30,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $33,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TRV. UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research note on Wednesday, May 28th. Jefferies Financial Group raised their price objective on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Finally, Evercore ISI increased their target price on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $271.00.

Insiders Place Their Bets

In related news, insider Avrohom J. Kess sold 23,434 shares of the business'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 value of $6,419,275.62. Following the completion of the sale, the insider directly owned 48,387 shares in the company, valued at approximately $13,254,650.91. The trade was a 32.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Maria Olivo sold 36,199 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock valued at $44,868,201 in the last quarter. Company insiders own 1.46% of the company's stock.

Travelers Companies Stock Performance

TRV stock opened at $254.26 on Monday. The business's 50-day moving average price is $267.10 and its two-hundred day moving average price is $255.88. The Travelers Companies, Inc. has a 1-year low of $202.95 and a 1-year high of $277.83. The firm has a market cap of $57.43 billion, a PE ratio of 13.84, a P/E/G ratio of 3.73 and a beta of 0.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping 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 firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the previous year, the business earned $4.69 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date was Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is currently 23.95%.

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.

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