Pallas Capital Advisors LLC Grows Stake in The Travelers Companies, Inc. (NYSE:TRV)

Pallas Capital Advisors LLC lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 226.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,035 shares of the insurance provider's stock after purchasing an additional 3,495 shares during the period. Pallas Capital Advisors LLC's holdings in Travelers Companies were worth $1,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TRV. Brighton Jones LLC boosted its position in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies during the fourth quarter valued at $276,000. Stratos Wealth Partners LTD. lifted its position in Travelers Companies by 6.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,804 shares of the insurance provider's stock valued at $675,000 after purchasing an additional 167 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Travelers Companies by 97.5% in the 4th quarter. Empowered Funds LLC now owns 20,271 shares of the insurance provider's stock worth $4,883,000 after buying an additional 10,006 shares in the last quarter. Finally, Stephens Inc. AR grew its stake in shares of Travelers Companies by 4.6% in the 4th quarter. Stephens Inc. AR now owns 11,375 shares of the insurance provider's stock worth $2,740,000 after buying an additional 499 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Barclays lowered their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a report on Thursday, April 17th. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Evercore ISI lifted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Finally, UBS Group decreased their price target on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $271.11.

Travelers Companies Stock Up 0.8%

Shares of TRV stock traded up $2.02 during trading on Thursday, reaching $263.29. The company's stock had a trading volume of 353,045 shares, compared to its average volume of 1,289,969. The stock's 50-day moving average price is $262.99 and its 200 day moving average price is $254.22. The company has a market capitalization of $59.47 billion, a price-to-earnings ratio of 12.26, a P/E/G ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $277.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

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 for the quarter, topping analysts' consensus estimates of $0.53 by $1.38. The company 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 posted $4.69 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.67%. This is a boost 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 is 23.95%.

Insiders Place Their Bets

In related news, SVP Paul E. Munson sold 4,052 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.29, for a total value of $1,107,371.08. Following the transaction, the senior vice president now owns 735 shares of the company's stock, valued at $200,868.15. This represents a 84.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $549,000.00. Following the transaction, the insider now directly owns 255,086 shares of the company's stock, valued at approximately $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock worth $44,868,201 over the last 90 days. Corporate insiders own 1.46% of the company's stock.

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.