Agate Pass Investment Management LLC Purchases 3,000 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Agate Pass Investment Management LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 83.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,575 shares of the insurance provider's stock after purchasing an additional 3,000 shares during the quarter. Agate Pass Investment Management LLC's holdings in Travelers Companies were worth $1,739,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Versant Capital Management Inc raised its holdings in shares of Travelers Companies by 69.4% in the 1st quarter. Versant Capital Management Inc now owns 427 shares of the insurance provider's stock worth $113,000 after purchasing an additional 175 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Travelers Companies by 8.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the insurance provider's stock worth $334,000 after acquiring an additional 100 shares in the last quarter. Milestone Asset Management Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth approximately $257,000. Wellington Management Group LLP raised its holdings in shares of Travelers Companies by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 17,929 shares of the insurance provider's stock valued at $4,319,000 after acquiring an additional 2,456 shares during the period. Finally, Nestegg Advisors Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $302,000. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TRV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target 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. Jefferies Financial Group boosted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Evercore ISI upped their price target on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. UBS Group dropped their price target 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. Finally, Barclays dropped their price target on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $271.11.

Insider Buying and Selling

In related news, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the sale, the chief executive officer now directly owns 262,329 shares of the company's stock, valued at approximately $71,820,433.62. This represents a 11.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 163,869 shares of company stock valued at $44,868,201. Company insiders own 1.46% of the company's stock.

Travelers Companies Stock Up 0.1%

Shares of NYSE TRV traded up $0.36 during mid-day trading on Monday, reaching $276.06. 494,375 shares of the company traded hands, compared to its average volume of 1,370,072. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $62.55 billion, a PE ratio of 12.86, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company's fifty day moving average is $261.47 and its two-hundred day moving average is $253.59. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $277.65.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion for 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 in the prior year, the firm posted $4.69 EPS. On average, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Tuesday, June 10th. Travelers Companies's dividend 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.