Flagship Harbor Advisors LLC Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

Flagship Harbor Advisors LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 50.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,918 shares of the insurance provider's stock after purchasing an additional 979 shares during the quarter. Flagship Harbor Advisors LLC's holdings in Travelers Companies were worth $772,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRV. Brighton Jones LLC raised 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 valued at $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in Travelers Companies during the 4th quarter worth approximately $276,000. Wealthspire Advisors LLC raised its position in Travelers Companies by 4.2% during the 4th quarter. Wealthspire Advisors LLC now owns 3,499 shares of the insurance provider's stock worth $843,000 after buying an additional 142 shares during the last quarter. Howard Capital Management Inc. raised its position in Travelers Companies by 5.0% during the 4th quarter. Howard Capital Management Inc. now owns 1,501 shares of the insurance provider's stock worth $362,000 after buying an additional 72 shares during the last quarter. Finally, Colonial River Investments LLC purchased a new position in Travelers Companies during the 4th quarter worth approximately $208,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 6,149 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.71, for a total transaction of $1,683,042.79. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP David Donnay Rowland sold 12,069 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.01, for a total value of $3,307,026.69. Following 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock valued at $44,868,201 in the last 90 days. 1.46% of the stock is owned by insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $266.39 on Wednesday. The company's fifty day moving average price is $266.86 and its 200 day moving average price is $254.27. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.83. The stock has a market capitalization of $60.17 billion, a P/E ratio of 14.50, a P/E/G ratio of 3.91 and a beta of 0.53. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results 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 net margin of 9.09% and a return on equity of 16.10%. The firm had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter last year, the company earned $4.69 EPS. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.65%. The ex-dividend date is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is 23.95%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. UBS Group reduced their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group raised their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Three 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $271.11.

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.

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