Lbp Am Sa Purchases Shares of 14,145 The Travelers Companies, Inc. (NYSE:TRV)

LBP AM SA bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 14,145 shares of the insurance provider's stock, valued at approximately $3,741,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its stake in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies during the 4th quarter valued at approximately $276,000. Proficio Capital Partners LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $399,000. Sage Mountain Advisors LLC acquired a new stake in shares of Travelers Companies in the fourth quarter worth $232,000. Finally, Moors & Cabot Inc. raised its stake in shares of Travelers Companies by 8.3% during the 4th quarter. Moors & Cabot Inc. now owns 8,483 shares of the insurance provider's stock valued at $2,044,000 after buying an additional 650 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 20,286 shares of the business'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 transaction, the chief financial officer directly owned 26,932 shares in the company, valued at $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,657,685.25. The trade was a 71.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Evercore ISI raised their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research note on Wednesday, May 28th. 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 research note on Tuesday, April 8th. Finally, Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $271.00.

Travelers Companies Stock Down 0.7%

TRV stock traded down $1.73 during trading on Friday, hitting $254.26. 782,224 shares of the company's stock were exchanged, compared to its average volume of 1,287,687. The stock has a market capitalization of $57.43 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 3.75 and a beta of 0.51. 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 Travelers Companies, Inc. has a 52-week low of $202.95 and a 52-week high of $277.83. The business has a 50-day moving average price of $267.37 and a two-hundred day moving average price of $255.63.

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, beating analysts' consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same period in the previous year, the company earned $4.69 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.73%. This is a boost from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is presently 23.95%.

Travelers Companies 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.