The Travelers Companies, Inc. (NYSE:TRV) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 31,132.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,203,481 shares of the insurance provider's stock after purchasing an additional 2,196,426 shares during the quarter. GAMMA Investing LLC owned 0.97% of Travelers Companies worth $582,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Bank of America Corp DE raised its position in Travelers Companies by 236.9% in the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after purchasing an additional 2,466,098 shares during the period. Norges Bank purchased a new stake in Travelers Companies in the 4th quarter worth about $560,918,000. Balyasny Asset Management L.P. increased its position in shares of Travelers Companies by 153.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after acquiring an additional 907,266 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Travelers Companies during the fourth quarter worth approximately $138,619,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Travelers Companies during the fourth quarter worth approximately $96,012,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.2%

Shares of NYSE:TRV traded up $0.63 during trading hours on Monday, reaching $276.33. The stock had a trading volume of 958,134 shares, compared to its average volume of 1,294,788. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $284.86. The firm's 50 day moving average is $261.47 and its 200-day moving average is $253.59. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $62.61 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for 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 period last year, the firm posted $4.69 EPS. Research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal 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 paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. 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 dividend payout ratio (DPR) is 23.95%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Evercore ISI raised their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Barclays reduced their target price on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. UBS Group reduced 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. Finally, HSBC lowered shares of 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. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and an average price target of $271.11.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP David Donnay Rowland sold 12,069 shares of Travelers Companies stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 11,731 shares of the company's stock, 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 SEC, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the transaction, the insider now directly owns 255,086 shares in the company, valued at approximately $70,021,107. The trade was a 0.78% 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 over the last 90 days. Company insiders own 1.46% of the company's stock.

Travelers Companies Company 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.