LBP AM SA acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,145 shares of the insurance provider's stock, valued at approximately $3,741,000.
Other institutional investors have also bought and sold shares of the company. Smith Salley Wealth Management lifted its position in Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock valued at $1,936,000 after acquiring an additional 44 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Travelers Companies by 7.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock valued at $173,000 after buying an additional 47 shares in the last quarter. JT Stratford LLC grew its stake in Travelers Companies by 0.8% in the 4th quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock valued at $1,456,000 after buying an additional 49 shares in the last quarter. Trifecta Capital Advisors LLC boosted its holdings in Travelers Companies by 13.4% in the 1st quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock valued at $112,000 after purchasing an additional 50 shares during the period. Finally, BLB&B Advisors LLC boosted its holdings in Travelers Companies by 3.6% in the 1st quarter. BLB&B Advisors LLC now owns 1,424 shares of the insurance provider's stock valued at $377,000 after purchasing an additional 50 shares during the period. Institutional investors own 82.45% of the company's stock.
Travelers Companies Price Performance
NYSE TRV traded up $0.98 on Monday, reaching $255.46. The company had a trading volume of 1,120,213 shares, compared to its average volume of 1,286,864. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $57.70 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 3.73 and a beta of 0.51. The firm's 50 day moving average price is $267.10 and its 200 day moving average price is $255.88. The Travelers Companies, Inc. has a 12 month low of $202.95 and a 12 month high of $277.83.
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 (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $10.97 billion. During the same period in the previous year, the firm posted $4.69 EPS. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.
Travelers Companies Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is 23.95%.
Insider Transactions at Travelers Companies
In other news, Vice Chairman William H. Heyman sold 2,000 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the sale, the insider owned 255,086 shares in the company, valued at approximately $70,021,107. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Avrohom J. Kess sold 23,434 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the completion of the transaction, the insider directly owned 48,387 shares of the company's stock, valued at $13,254,650.91. This trade represents a 32.63% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several analysts have weighed in on TRV shares. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Evercore ISI upped their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a report on Thursday, April 17th. Wells Fargo & Company set a $264.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a report on Thursday. Jefferies Financial Group upped their price objective 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, HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $271.00.
Read Our Latest Report on Travelers Companies
About Travelers Companies
(
Free Report)
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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