1,202 Shares in The Travelers Companies, Inc. (NYSE:TRV) Bought by Nestegg Advisors Inc.

Nestegg Advisors Inc. purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,202 shares of the insurance provider's stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mutual Advisors LLC boosted its holdings in Travelers Companies by 6.8% during the fourth quarter. Mutual Advisors LLC now owns 2,054 shares of the insurance provider's stock worth $498,000 after buying an additional 131 shares in the last quarter. Brighton Jones LLC boosted its holdings in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after buying an additional 387 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Travelers Companies by 1.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 3,902 shares of the insurance provider's stock worth $940,000 after buying an additional 63 shares in the last quarter. Blue Trust Inc. boosted its holdings in Travelers Companies by 40.5% during the fourth quarter. Blue Trust Inc. now owns 7,088 shares of the insurance provider's stock worth $1,660,000 after buying an additional 2,042 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Travelers Companies by 54.3% during the fourth quarter. Pacer Advisors Inc. now owns 26,065 shares of the insurance provider's stock worth $6,279,000 after buying an additional 9,178 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on TRV shares. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a report on Monday, March 24th. Barclays decreased their price objective on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. UBS Group decreased their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Finally, Jefferies Financial Group increased their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Three investment 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $271.11.

Insider Activity

In related news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the transaction, the executive vice president now owns 118,116 shares in the company, valued at $32,387,407.20. This trade represents a 23.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the transaction, the chief executive officer now owns 262,329 shares in the company, valued at $71,820,433.62. This trade represents a 11.91% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Stock Up 0.6%

Shares of Travelers Companies stock traded up $1.54 during midday trading on Friday, reaching $275.95. 2,689,910 shares of the company's stock traded hands, compared to its average volume of 1,299,454. The company has a market cap of $62.52 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company's 50 day simple moving average is $261.14 and its 200 day simple moving average is $253.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $277.61.

Travelers Companies (NYSE:TRV - Get Free Report) last released 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 business had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter last year, the firm earned $4.69 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's dividend payout ratio (DPR) is currently 23.95%.

Travelers Companies Company 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.