The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Strategic Planning Group LLC

Strategic Planning Group LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 11.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,834 shares of the insurance provider's stock after buying an additional 1,994 shares during the quarter. Strategic Planning Group LLC's holdings in Travelers Companies were worth $4,981,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in Travelers Companies by 236.9% in the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after purchasing an additional 2,466,098 shares in the last quarter. Norges Bank bought a new position in Travelers Companies during the fourth quarter valued at $560,918,000. GAMMA Investing LLC raised its stake in shares of Travelers Companies by 31,132.9% in the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after acquiring an additional 2,196,426 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Travelers Companies by 153.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after acquiring an additional 907,266 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Travelers Companies during the 4th quarter worth about $138,619,000. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on TRV shares. Barclays decreased their price target on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. UBS Group dropped their target price on Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Wells Fargo & Company raised their price target on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a report on Thursday, April 17th. Finally, Evercore ISI boosted 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. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $271.11.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president now directly owns 118,116 shares of the company's stock, valued at $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the sale, the insider now directly owns 255,086 shares in the company, valued at $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. In the last quarter, insiders sold 163,869 shares of company stock worth $44,868,201. Insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $0.94 during trading on Thursday, hitting $270.92. The company had a trading volume of 772,982 shares, compared to its average volume of 1,290,692. The firm has a market capitalization of $61.38 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The stock has a fifty day simple moving average of $262.24 and a two-hundred day simple moving average of $253.98. 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 Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data 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. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion for the quarter, compared to analysts' expectations of $10.97 billion. During the same period in the previous year, the firm posted $4.69 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

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