NBC Securities Inc. Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

NBC Securities Inc. grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 99,866.7% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,999 shares of the insurance provider's stock after acquiring an additional 2,996 shares during the period. NBC Securities Inc.'s holdings in Travelers Companies were worth $793,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Putney Financial Group LLC purchased a new stake in shares of Travelers Companies during the fourth quarter valued at $26,000. Ameriflex Group Inc. purchased a new stake in Travelers Companies during the 4th quarter valued at about $26,000. YANKCOM Partnership purchased a new stake in Travelers Companies during the 4th quarter valued at about $27,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $30,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $33,000. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on TRV. 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. Barclays reduced their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Jefferies Financial Group raised their price objective on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, HSBC lowered 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 note on Monday, March 24th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $271.11.

Insider Buying and Selling

In related news, insider Avrohom J. Kess sold 23,434 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider now directly owns 48,387 shares in the company, valued at approximately $13,254,650.91. The trade was a 32.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction that occurred on 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 sale, the chief financial officer now directly owns 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,869 shares of company stock worth $44,868,201. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Shares of TRV traded down $0.94 during midday trading on Thursday, reaching $270.92. The stock had a trading volume of 772,982 shares, compared to its average volume of 1,290,691. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month 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 0.29. The company's 50-day moving average is $262.24 and its 200 day moving average is $253.98. The company has a market capitalization of $61.38 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter last year, the business posted $4.69 EPS. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.62%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. Travelers Companies's payout ratio is presently 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.