1,020 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Shulman DeMeo Asset Management LLC

Shulman DeMeo Asset Management LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,020 shares of the insurance provider's stock, valued at approximately $270,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised 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 worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in Travelers Companies during the fourth quarter valued at about $276,000. Chicago Partners Investment Group LLC increased its stake in shares of Travelers Companies by 16.0% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,930 shares of the insurance provider's stock worth $468,000 after purchasing an additional 266 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Travelers Companies by 3.4% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,167 shares of the insurance provider's stock worth $1,486,000 after purchasing an additional 201 shares during the period. Finally, DAVENPORT & Co LLC grew its position in Travelers Companies by 11.7% during the fourth quarter. DAVENPORT & Co LLC now owns 3,995 shares of the insurance provider's stock worth $962,000 after buying an additional 417 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was 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 directly owns 118,116 shares in the company, valued at $32,387,407.20. This represents a 23.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Donnay Rowland sold 12,069 shares of the firm'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 value of $3,307,026.69. Following the completion of the transaction, the executive vice president now owns 11,731 shares of the company's stock, valued at approximately $3,214,411.31. The trade was a 50.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock worth $44,868,201 over the last quarter. 1.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TRV has been the subject of several research analyst reports. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. HSBC cut shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Monday, March 24th. Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Barclays cut their price target on shares of Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $271.11.

Travelers Companies Stock Performance

TRV traded up $0.05 during trading on Tuesday, reaching $276.39. 1,181,473 shares of the company's stock were exchanged, compared to its average volume of 1,293,284. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $277.90. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $261.76 and a 200 day moving average price of $253.70. The company has a market capitalization of $62.62 billion, a P/E ratio of 12.87, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The business had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same period in the previous year, the firm earned $4.69 EPS. As a group, analysts predict 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.

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.