Inscription Capital LLC Buys Shares of 1,311 The Travelers Companies, Inc. (NYSE:TRV)

Inscription Capital LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,311 shares of the insurance provider's stock, valued at approximately $347,000.

A number of other institutional investors also recently modified their holdings of TRV. Yoffe Investment Management LLC acquired a new position in Travelers Companies during the fourth quarter worth about $1,202,000. Erste Asset Management GmbH grew its holdings in shares of Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after purchasing an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Travelers Companies by 43.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock valued at $38,343,000 after purchasing an additional 47,985 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in Travelers Companies by 16.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock worth $5,122,000 after purchasing an additional 3,046 shares in the last quarter. Finally, Banco Santander S.A. lifted its stake in Travelers Companies by 2.3% in the 4th quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider's stock valued at $16,065,000 after purchasing an additional 1,494 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. UBS Group cut their price target 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. Jefferies Financial Group upped their price objective on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Finally, Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Three investment 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, the company currently has an average rating of "Hold" and a consensus target price of $271.11.

Travelers Companies Trading Up 0.2%

NYSE TRV opened at $264.93 on Thursday. The stock has a market capitalization of $59.84 billion, a P/E ratio of 14.42, a P/E/G ratio of 3.87 and a beta of 0.53. The business has a 50 day simple moving average of $265.38 and a 200 day simple moving average of $254.21. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The company had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter last year, the firm posted $4.69 EPS. Research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid 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 yield of 1.66%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's payout ratio is 23.95%.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 262,329 shares of the company's stock, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the transaction, the insider now owns 255,086 shares in the company, valued at approximately $70,021,107. The trade was a 0.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,869 shares of company stock worth $44,868,201. Company insiders own 1.46% of the company's stock.

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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