Rhumbline Advisers Acquires 9,094 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Rhumbline Advisers increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 440,167 shares of the insurance provider's stock after purchasing an additional 9,094 shares during the period. Rhumbline Advisers owned approximately 0.19% of Travelers Companies worth $116,406,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Yoffe Investment Management LLC bought a new stake in Travelers Companies during the 4th quarter worth $1,202,000. Elevate Capital Advisors LLC acquired a new position in Travelers Companies during the 4th quarter worth about $4,627,000. Erste Asset Management GmbH lifted its holdings in Travelers Companies by 1.0% during the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock worth $2,414,000 after buying an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Travelers Companies by 43.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock valued at $38,343,000 after purchasing an additional 47,985 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Travelers Companies by 16.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock valued at $5,122,000 after purchasing an additional 3,046 shares during the period. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded down $0.94 during trading on Thursday, hitting $270.92. 772,982 shares of the company were exchanged, compared to its average volume of 1,292,222. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $277.83. The company has a market cap of $61.38 billion, a PE ratio of 12.62, a P/E/G ratio of 4.65 and a beta of 0.53. The stock has a 50 day moving average of $262.37 and a 200 day moving average of $254.04.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion for 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 period last year, the firm earned $4.69 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.

Wall Street Analyst Weigh In

TRV has been the topic of a number of research reports. Evercore ISI upped their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. UBS Group lowered their price objective on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Finally, Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and a consensus price target of $271.11.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 26,932 shares of the company's stock, valued at $7,365,363.36. This represents a 42.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 sale, the insider now owns 255,086 shares in the company, valued at $70,021,107. This represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,869 shares of company stock valued at $44,868,201. Company insiders own 1.46% of the company's stock.

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.