1,400 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by Mitchell Sinkler & Starr PA

Key Points

• Mitchell Sinkler & Starr PA recently invested $370,000 in The Travelers Companies, acquiring 1,400 shares in the first quarter, indicating strong interest from institutional investors in the insurance provider.
• Insider transactions revealed significant share sales, including CFO Daniel S. Frey selling 20,286 shares for approximately $5.5 million, leading to a 42.96% decrease in his holdings.
• The Travelers Companies will pay a quarterly dividend of $1.10 on September 30th, which represents an annualized rate yielding 1.69%.

Mitchell Sinkler & Starr PA bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,400 shares of the insurance provider's stock, valued at approximately $370,000.

Other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC lifted its position in shares of Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies in the fourth quarter worth $26,000. Putney Financial Group LLC bought a new stake in shares of Travelers Companies in the fourth quarter worth $26,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies in the fourth quarter worth $30,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Travelers Companies in the first quarter worth $33,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TRV. Citigroup restated a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 21st. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Evercore ISI boosted their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Two 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.com, the stock has an average rating of "Hold" and an average target price of $275.56.

Insider Activity

In other news, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the transaction, the executive vice president owned 118,116 shares in the company, valued at $32,387,407.20. This represents a 23.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of the company'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 transaction, the insider owned 255,086 shares in the company, valued at $70,021,107. This represents a 0.78% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,374 shares of company stock worth $47,929,912. 1.46% of the stock is owned by company insiders.

Travelers Companies Price Performance

TRV stock traded down $6.34 during trading on Monday, hitting $254.71. The company had a trading volume of 1,271,344 shares, compared to its average volume of 1,286,104. The Travelers Companies, Inc. has a fifty-two week low of $206.43 and a fifty-two week high of $277.83. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $57.34 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 3.09 and a beta of 0.51. The business has a 50 day moving average of $265.06 and a 200 day moving average of $257.36.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly 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 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the company earned $2.51 EPS. Travelers Companies's revenue was up 7.4% on a year-over-year basis. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.73%. Travelers Companies's payout ratio is presently 19.46%.

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.