Gunderson Capital Management Inc. Buys 1,297 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Gunderson Capital Management Inc. increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.2% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,143 shares of the insurance provider's stock after purchasing an additional 1,297 shares during the quarter. Travelers Companies accounts for about 2.9% of Gunderson Capital Management Inc.'s investment portfolio, making the stock its 14th largest holding. Gunderson Capital Management Inc.'s holdings in Travelers Companies were worth $4,534,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Czech National Bank grew its holdings in Travelers Companies by 5.8% during the 1st quarter. Czech National Bank now owns 52,075 shares of the insurance provider's stock worth $13,772,000 after acquiring an additional 2,852 shares in the last quarter. Rhumbline Advisers increased its holdings in Travelers Companies by 2.1% in the first quarter. Rhumbline Advisers now owns 440,167 shares of the insurance provider's stock valued at $116,406,000 after buying an additional 9,094 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Travelers Companies by 4.2% during the first quarter. Fifth Third Wealth Advisors LLC now owns 4,077 shares of the insurance provider's stock valued at $1,078,000 after buying an additional 163 shares in the last quarter. Asset Allocation & Management Company LLC bought a new position in Travelers Companies during the 1st quarter worth approximately $209,000. Finally, Winthrop Advisory Group LLC acquired a new position in shares of Travelers Companies in the 1st quarter worth approximately $214,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the transaction, the insider now owns 255,086 shares in the company, valued at $70,021,107. This represents a 0.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul E. Munson sold 4,052 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.29, for a total transaction of $1,107,371.08. Following the transaction, the senior vice president now owns 735 shares in the company, valued at approximately $200,868.15. This represents a 84.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock worth $44,868,201 over the last 90 days. 1.46% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TRV shares. Jefferies Financial Group upped their price target on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a report on Monday, March 24th. Finally, Barclays cut their price target on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of "Hold" and an average target price of $271.11.

Travelers Companies Price Performance

Shares of NYSE TRV traded up $0.05 during trading on Tuesday, hitting $276.39. The company had a trading volume of 1,181,473 shares, compared to its average volume of 1,294,354. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $277.90. The business's 50-day moving average is $261.76 and its 200 day moving average is $253.70. The company has a market cap of $62.62 billion, a P/E ratio of 12.87, a PEG ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same period in the previous year, the firm earned $4.69 earnings per share. Equities 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 given a $1.10 dividend. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

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.