Golden State Wealth Management LLC Purchases 1,598 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Golden State Wealth Management LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 6,658.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,622 shares of the insurance provider's stock after purchasing an additional 1,598 shares during the period. Golden State Wealth Management LLC's holdings in Travelers Companies were worth $429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRV. Lake Street Advisors Group LLC raised its stake in Travelers Companies by 2.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after buying an additional 46 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Travelers Companies by 7.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock worth $173,000 after acquiring an additional 47 shares in the last quarter. JT Stratford LLC raised its position in shares of Travelers Companies by 0.8% during the fourth quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock worth $1,456,000 after purchasing an additional 49 shares during the period. Trifecta Capital Advisors LLC raised its position in shares of Travelers Companies by 13.4% during the first quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock worth $112,000 after purchasing an additional 50 shares during the period. Finally, Wolff Wiese Magana LLC lifted its holdings in shares of Travelers Companies by 32.5% during the 1st quarter. Wolff Wiese Magana LLC now owns 212 shares of the insurance provider's stock valued at $56,000 after purchasing an additional 52 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 0.9%

NYSE TRV opened at $263.17 on Friday. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $277.83. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a 50 day moving average of $267.15 and a 200-day moving average of $254.39. The company has a market cap of $59.44 billion, a PE ratio of 14.33, a PEG ratio of 3.81 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the previous year, the business earned $4.69 earnings per share. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS 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. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Insider Activity

In related news, CFO Daniel S. Frey sold 20,286 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer now owns 26,932 shares of the company's stock, valued at $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the sale, the executive vice president now directly owns 118,116 shares of the company's stock, valued at $32,387,407.20. This represents a 23.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on TRV shares. HSBC downgraded shares of 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. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Evercore ISI lifted their price target on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Travelers Companies presently 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.

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