SG Americas Securities LLC Increases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

SG Americas Securities LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3,020.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 258,248 shares of the insurance provider's stock after purchasing an additional 249,972 shares during the period. SG Americas Securities LLC owned about 0.11% of Travelers Companies worth $68,296,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of TRV. Ameriflex Group Inc. purchased a new stake in shares of Travelers Companies during the 4th quarter valued at approximately $26,000. Putney Financial Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter valued at $26,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies during the 4th quarter valued at $30,000. Wood Tarver Financial Group LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $33,000. Finally, Generali Investments Management Co LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $37,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TRV. Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. UBS Group lowered their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 28th. Finally, Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Travelers Companies has an average rating of "Hold" and an average target price of $271.11.

Insider Buying and Selling at Travelers Companies

In related news, EVP David Donnay Rowland sold 12,069 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.01, for a total transaction of $3,307,026.69. Following the completion of the sale, the executive vice president now directly owns 11,731 shares in the company, valued at approximately $3,214,411.31. The trade was a 50.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 163,869 shares of company stock worth $44,868,201. Insiders own 1.46% of the company's stock.

Travelers Companies Stock Up 1.8%

Travelers Companies stock traded up $4.70 during trading hours on Thursday, hitting $265.97. The stock had a trading volume of 1,141,385 shares, compared to its average volume of 1,293,012. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $277.83. The stock has a market capitalization of $60.07 billion, a P/E ratio of 12.39, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. 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 quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its 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 analyst estimates 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 company earned $4.69 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is 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.