Global Assets Advisory LLC Takes $292,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Global Assets Advisory LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,171 shares of the insurance provider's stock, valued at approximately $292,000.

Other large investors also recently modified their holdings of the company. Putney Financial Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $26,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $30,000. Wood Tarver Financial Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $33,000. Finally, Generali Investments Management Co LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $37,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Down 2.0%

NYSE:TRV opened at $260.70 on Thursday. The stock's fifty day moving average price is $267.01 and its two-hundred day moving average price is $254.31. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.83. 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 company has a market cap of $58.88 billion, a price-to-earnings ratio of 14.19, a P/E/G ratio of 3.89 and a beta of 0.53.

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 for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion for the quarter, compared to the consensus estimate 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 posted $4.69 EPS. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio is 23.95%.

Insider Activity

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction on 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 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 SEC, which is available through this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the transaction, the executive vice president now directly owns 118,116 shares in the company, valued at approximately $32,387,407.20. This trade represents a 23.46% 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 company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TRV shares. UBS Group lowered their price objective 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. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price on the stock. in a report on Monday, March 24th. Barclays reduced their target price on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Evercore ISI boosted their target price on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Finally, Jefferies Financial Group boosted their target price on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. 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. According to MarketBeat.com, Travelers Companies currently has a consensus rating of "Hold" and an average target price of $271.11.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.