Larson Financial Group LLC Increases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Larson Financial Group LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 74.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,441 shares of the insurance provider's stock after buying an additional 1,474 shares during the quarter. Larson Financial Group LLC's holdings in Travelers Companies were worth $910,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its position in shares of Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after purchasing an additional 2,466,098 shares during the last quarter. Norges Bank bought a new stake in Travelers Companies during the fourth quarter worth $560,918,000. GAMMA Investing LLC lifted its stake in shares of Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after acquiring an additional 2,196,426 shares during the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Travelers Companies by 153.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock valued at $360,694,000 after acquiring an additional 907,266 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Travelers Companies by 12.3% in the 4th quarter. Northern Trust Corp now owns 3,329,232 shares of the insurance provider's stock valued at $801,979,000 after acquiring an additional 364,379 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Buying and Selling

In related news, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president directly owned 118,116 shares in the company, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 9,044 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.17, for a total transaction of $2,479,593.48. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company's stock, valued at approximately $9,222,530.46. This trade represents a 21.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock worth $44,868,201 in the last 90 days. 1.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TRV shares. Wells Fargo & Company increased their price objective on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Evercore ISI lifted their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Jefferies Financial Group lifted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Finally, Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $274.61.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $3.96 on Friday, hitting $265.77. 1,687,842 shares of the company's stock were exchanged, compared to its average volume of 1,352,870. The company has a 50-day simple moving average of $266.00 and a 200-day simple moving average of $256.07. The stock has a market capitalization of $60.03 billion, a PE ratio of 14.47, a PEG ratio of 3.72 and a beta of 0.51. The Travelers Companies, Inc. has a 1 year low of $202.95 and a 1 year 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.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the company earned $2.51 EPS. Travelers Companies's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.66%. Travelers Companies's dividend payout ratio is currently 23.95%.

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.