GHP Investment Advisors Inc. Purchases 1,233 Shares of The Travelers Companies, Inc. (NYSE:TRV)

GHP Investment Advisors Inc. lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,971 shares of the insurance provider's stock after acquiring an additional 1,233 shares during the period. GHP Investment Advisors Inc.'s holdings in Travelers Companies were worth $13,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its stake in Travelers Companies by 236.9% during the fourth 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 last quarter. Norges Bank acquired a new position in shares of Travelers Companies during the 4th quarter worth $560,918,000. GAMMA Investing LLC lifted its position in shares of Travelers Companies by 31,132.9% during the 1st 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 last quarter. Balyasny Asset Management L.P. boosted its stake 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 buying 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 about $138,619,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Up 1.0%

Shares of NYSE TRV opened at $267.59 on Tuesday. The company's 50 day moving average price is $266.53 and its 200-day moving average price is $254.18. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.83. The company has a market capitalization of $60.44 billion, a P/E ratio of 14.57, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same quarter in the previous year, the business earned $4.69 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.64%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies's payout ratio is currently 23.95%.

Insider Activity at Travelers Companies

In other news, 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 $71,820,433.62. This represents a 11.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Donnay Rowland sold 12,069 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.01, for a total value of $3,307,026.69. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock worth $44,868,201 in the last 90 days. Corporate insiders own 1.46% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Evercore ISI increased their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a research note on Monday, March 24th. Finally, Barclays reduced their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Three 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $271.11.

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.

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