SteelPeak Wealth LLC Has $6.47 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

SteelPeak Wealth LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 82.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,463 shares of the insurance provider's stock after buying an additional 11,089 shares during the quarter. SteelPeak Wealth LLC's holdings in Travelers Companies were worth $6,469,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TRV. Cornerstone Planning Group LLC boosted its position in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares during the period. Putney Financial Group LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $26,000. Ameriflex Group Inc. acquired a new position in shares of Travelers Companies in the 4th quarter valued at $26,000. Kapitalo Investimentos Ltda acquired a new position in shares of Travelers Companies in the 4th quarter valued at $30,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $33,000. Institutional investors own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TRV shares. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Jefferies Financial Group raised their price objective on Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Hsbc Global Res downgraded Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Keefe, Bruyette & Woods raised their price target on Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus target price of $271.00.

Insider Buying and Selling

In other news, EVP Jeffrey P. Klenk sold 15,180 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the sale, the executive vice president owned 6,075 shares of the company's stock, valued at approximately $1,657,685.25. This trade represents a 71.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the sale, the chief executive officer directly owned 262,329 shares in the company, valued at approximately $71,820,433.62. This represents a 11.91% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

NYSE TRV traded down $1.73 during trading on Friday, hitting $254.26. The company's stock had a trading volume of 782,224 shares, compared to its average volume of 1,287,533. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $267.10 and a 200 day moving average price of $255.80. The firm has a market cap of $57.43 billion, a P/E ratio of 13.84, a price-to-earnings-growth ratio of 3.72 and a beta of 0.51. The Travelers Companies, Inc. has a 52 week low of $202.95 and a 52 week 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 the consensus estimate 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 return on equity of 16.10% and a net margin of 9.09%. During the same period in the previous year, the business posted $4.69 EPS. Equities research analysts forecast 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 declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were given a $1.10 dividend. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.73%. The ex-dividend date was Tuesday, June 10th. Travelers Companies's payout ratio is currently 23.95%.

About Travelers Companies

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.