Farther Finance Advisors LLC Raises Stake in The Travelers Companies, Inc. (NYSE:TRV)

Farther Finance Advisors LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 40.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,653 shares of the insurance provider's stock after buying an additional 1,049 shares during the period. Farther Finance Advisors LLC's holdings in Travelers Companies were worth $966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE boosted its holdings 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 valued at $844,854,000 after purchasing an additional 2,466,098 shares during the period. Norges Bank purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $560,918,000. GAMMA Investing LLC increased its stake in shares of Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after buying an additional 2,196,426 shares during the period. Balyasny Asset Management L.P. raised its holdings in Travelers Companies by 153.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock valued at $360,694,000 after acquiring an additional 907,266 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $138,619,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Avrohom J. Kess sold 23,434 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 48,387 shares in the company, valued at approximately $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the sale, the chief executive officer now directly owns 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock worth $44,868,201 in the last ninety days. Insiders own 1.46% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TRV shares. 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. UBS Group decreased their price target on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. HSBC lowered Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a research report on Monday, March 24th. Wells Fargo & Company increased their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods raised their price objective 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 equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $271.11.

Travelers Companies Stock Performance

NYSE:TRV traded down $2.78 during midday trading on Friday, reaching $263.17. The stock had a trading volume of 992,437 shares, compared to its average volume of 1,291,352. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $59.44 billion, a P/E ratio of 12.26, a P/E/G ratio of 4.65 and a beta of 0.53. The firm has a fifty day simple moving average of $263.64 and a two-hundred day simple moving average of $254.25. 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 posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 10.77% and a return on equity of 19.06%. During the same period in the prior year, the company posted $4.69 earnings per share. On average, equities analysts expect 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 will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's payout ratio is currently 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.