NorthCrest Asset Manangement LLC Buys New Shares in The Travelers Companies, Inc. (NYSE:TRV)

NorthCrest Asset Manangement LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,336 shares of the insurance provider's stock, valued at approximately $353,000.

Other large investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA bought a new position in Travelers Companies in the first quarter worth approximately $7,802,000. Ferguson Wellman Capital Management Inc. lifted its stake in shares of Travelers Companies by 1.8% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 19,845 shares of the insurance provider's stock worth $5,248,000 after purchasing an additional 359 shares during the last quarter. Sapient Capital LLC bought a new stake in Travelers Companies during the first quarter valued at about $207,000. GPS Wealth Strategies Group LLC grew its stake in Travelers Companies by 12.7% in the first quarter. GPS Wealth Strategies Group LLC now owns 692 shares of the insurance provider's stock valued at $183,000 after purchasing an additional 78 shares during the last quarter. Finally, Simon Quick Advisors LLC raised its holdings in Travelers Companies by 65.7% in the first quarter. Simon Quick Advisors LLC now owns 2,570 shares of the insurance provider's stock worth $680,000 after purchasing an additional 1,019 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on TRV shares. Wells Fargo & Company boosted their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research note on Wednesday, May 28th. Finally, 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. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and a consensus price target of $271.11.

Travelers Companies Price Performance

TRV stock traded up $1.64 on Monday, reaching $265.11. The company had a trading volume of 824,263 shares, compared to its average volume of 1,289,070. The company's fifty day moving average is $264.17 and its 200 day moving average is $254.07. The company has a market cap of $59.88 billion, a P/E ratio of 12.35, a PEG ratio of 4.65 and a beta of 0.53. 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 1 year low of $200.21 and a 1 year high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion during 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 period in the previous year, the firm posted $4.69 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.66%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the transaction, the insider now owns 255,086 shares in the company, valued at $70,021,107. The trade was a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the transaction, the chief financial officer now owns 26,932 shares in the company, valued at $7,365,363.36. This trade represents a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 163,869 shares of company stock worth $44,868,201 in the last three months. 1.46% of the stock is currently owned by company insiders.

Travelers Companies 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.