Czech National Bank Acquires 2,852 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Czech National Bank boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,075 shares of the insurance provider's stock after acquiring an additional 2,852 shares during the quarter. Czech National Bank's holdings in Travelers Companies were worth $13,772,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $276,000. Chicago Partners Investment Group LLC lifted its position in shares of Travelers Companies by 16.0% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,930 shares of the insurance provider's stock worth $468,000 after purchasing an additional 266 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Travelers Companies by 3.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,167 shares of the insurance provider's stock worth $1,486,000 after purchasing an additional 201 shares during the period. Finally, DAVENPORT & Co LLC lifted its position in shares of Travelers Companies by 11.7% in the 4th quarter. DAVENPORT & Co LLC now owns 3,995 shares of the insurance provider's stock worth $962,000 after purchasing an additional 417 shares during the period. 82.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TRV. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research report on Wednesday, May 28th. Jefferies Financial Group boosted their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a research report on Monday, May 19th. Finally, UBS Group dropped their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $271.11.

Travelers Companies Stock Down 0.3%

Shares of TRV stock traded down $0.94 on Thursday, hitting $270.92. The stock had a trading volume of 772,982 shares, compared to its average volume of 1,292,222. The business has a 50 day moving average of $262.37 and a 200 day moving average of $254.04. The stock has a market cap of $61.38 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $277.83.

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

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.62%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is currently 23.95%.

Insider Activity

In related news, EVP David Donnay Rowland sold 12,069 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.01, for a total transaction of $3,307,026.69. Following the completion of the transaction, the executive vice president now owns 11,731 shares in the company, valued at approximately $3,214,411.31. This represents a 50.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the transaction, the chief executive officer now owns 262,329 shares of the company's stock, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock worth $44,868,201 over the last quarter. Insiders own 1.46% of the company's stock.

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.