Liberty One Investment Management LLC Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Liberty One Investment Management LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.8% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,258 shares of the insurance provider's stock after purchasing an additional 968 shares during the quarter. Liberty One Investment Management LLC's holdings in Travelers Companies were worth $5,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its stake 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 worth $844,854,000 after acquiring an additional 2,466,098 shares during the period. Norges Bank purchased a new position in shares of Travelers Companies in the fourth quarter worth $560,918,000. GAMMA Investing LLC lifted its holdings in shares of Travelers Companies by 31,132.9% in the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after buying an additional 2,196,426 shares in the last quarter. Balyasny Asset Management L.P. increased its position in Travelers Companies by 153.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after purchasing an additional 907,266 shares during the last quarter. Finally, Northern Trust Corp increased its position in Travelers Companies by 12.3% in the fourth quarter. Northern Trust Corp now owns 3,329,232 shares of the insurance provider's stock worth $801,979,000 after purchasing an additional 364,379 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded down $1.31 during midday trading on Wednesday, hitting $255.08. The company had a trading volume of 1,355,823 shares, compared to its average volume of 1,289,982. The Travelers Companies, Inc. has a 12-month low of $202.95 and a 12-month high of $277.83. 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 cap of $57.61 billion, a price-to-earnings ratio of 13.89, a PEG ratio of 3.75 and a beta of 0.51. The company has a fifty day simple moving average of $267.67 and a 200 day simple moving average of $255.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly 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 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 analyst estimates of $10.97 billion. During the same period last year, the firm posted $4.69 EPS. As a group, 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 was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.72%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date was Tuesday, June 10th. Travelers Companies's payout ratio is 23.95%.

Analyst Ratings Changes

TRV has been the topic of several research reports. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. UBS Group cut their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. boosted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research report on Wednesday, May 28th. Finally, Jefferies Financial Group boosted their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. 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 company. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average target price of $270.79.

Insider Activity

In related news, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the sale, the chief executive officer owned 262,329 shares of the company's stock, valued at approximately $71,820,433.62. This trade represents a 11.91% 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, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is currently owned by corporate insiders.

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.