Dynamic Advisor Solutions LLC Buys New Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Dynamic Advisor Solutions LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,232 shares of the insurance provider's stock, valued at approximately $1,384,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRV. Pinnacle Wealth Management Advisory Group LLC raised its holdings in Travelers Companies by 1.2% during the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 3,414 shares of the insurance provider's stock worth $822,000 after buying an additional 41 shares during the period. Lake Street Advisors Group LLC raised its holdings in Travelers Companies by 2.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after buying an additional 46 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Travelers Companies by 7.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock worth $173,000 after buying an additional 47 shares during the period. Valmark Advisers Inc. raised its holdings in Travelers Companies by 5.4% during the 4th quarter. Valmark Advisers Inc. now owns 940 shares of the insurance provider's stock worth $226,000 after buying an additional 48 shares during the period. Finally, JT Stratford LLC raised 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 worth $1,456,000 after buying an additional 49 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP David Donnay Rowland sold 12,069 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was 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 directly owns 11,731 shares in the company, valued at $3,214,411.31. The trade was a 50.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mojgan M. Lefebvre sold 6,149 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.71, for a total value of $1,683,042.79. The disclosure for this sale can be found here. Insiders sold 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.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TRV. Evercore ISI boosted their price objective on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Jefferies Financial Group lifted their target price on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, UBS Group lowered their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $271.11.

Travelers Companies Stock Performance

Travelers Companies stock traded up $0.52 during trading hours on Wednesday, reaching $264.93. 1,166,628 shares of the company were exchanged, compared to its average volume of 1,288,850. The firm has a market cap of $59.84 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 3.87 and a beta of 0.53. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average of $265.06 and a 200 day moving average of $254.14. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same quarter in the prior year, the business earned $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 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 dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.66%. 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.