CFC Planning Co LLC Increases Holdings in The Travelers Companies, Inc. (NYSE:TRV)

CFC Planning Co LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,813 shares of the insurance provider's stock after acquiring an additional 1,343 shares during the quarter. Travelers Companies comprises approximately 4.9% of CFC Planning Co LLC's investment portfolio, making the stock its 2nd biggest holding. CFC Planning Co LLC's holdings in Travelers Companies were worth $4,446,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Smith Salley Wealth Management lifted its position in Travelers Companies by 0.6% in the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock valued at $1,936,000 after purchasing an additional 44 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Travelers Companies by 7.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock valued at $173,000 after purchasing an additional 47 shares in the last quarter. JT Stratford LLC lifted its holdings in shares of Travelers Companies by 0.8% during the fourth quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock valued at $1,456,000 after purchasing an additional 49 shares during the last quarter. Trifecta Capital Advisors LLC raised its position in shares of Travelers Companies by 13.4% in the 1st quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock worth $112,000 after purchasing an additional 50 shares during the last quarter. Finally, BLB&B Advisors LLC lifted its position in Travelers Companies by 3.6% in the 1st quarter. BLB&B Advisors LLC now owns 1,424 shares of the insurance provider's stock valued at $377,000 after acquiring an additional 50 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

TRV traded down $1.73 on Friday, hitting $254.26. 782,224 shares of the stock traded hands, compared to its average volume of 1,287,687. The business has a fifty day moving average price of $267.37 and a two-hundred day moving average price of $255.63. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $57.43 billion, a PE ratio of 13.84, a P/E/G ratio of 3.75 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 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 firm had revenue of $10.52 billion during the quarter, compared to analysts' expectations 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 last year, the business earned $4.69 earnings per share. On average, research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.73%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date of this dividend was Tuesday, June 10th. Travelers Companies's payout ratio is presently 23.95%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRV. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 28th. Wells Fargo & Company upped their price target on shares of Travelers Companies from $260.00 to $264.00 and gave the stock an "equal weight" rating in a research report on Thursday. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $280.00 to $274.00 in a research report on Monday. Finally, Jefferies Financial Group upped their target price on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and a consensus target price of $271.00.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction on Thursday, May 29th. The stock was 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 directly owned 26,932 shares in the company, valued at $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction of $9,925,765.80. Following the sale, the executive vice president directly owned 118,116 shares in the company, valued at $32,387,407.20. This represents a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,869 shares of company stock worth $44,868,201. Insiders own 1.46% of the company's stock.

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.