Transce3nd LLC Has $444,000 Stake in The Travelers Companies, Inc. (NYSE:TRV)

Transce3nd LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 425.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,680 shares of the insurance provider's stock after purchasing an additional 1,360 shares during the period. Transce3nd LLC's holdings in Travelers Companies were worth $444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TRV. Cornerstone Planning Group LLC boosted its stake in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies during the 4th quarter worth about $26,000. Putney Financial Group LLC bought a new stake in shares of Travelers Companies during the 4th quarter worth about $26,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies during the 4th quarter worth about $30,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Travelers Companies during the 1st quarter worth about $33,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In other news, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction that occurred 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 owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 163,869 shares of company stock valued at $44,868,201. Insiders own 1.46% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. JPMorgan Chase & Co. upped their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Wells Fargo & Company upped their price target on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday. Jefferies Financial Group upped their price target on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods increased their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $274.61.

Travelers Companies Stock Up 1.5%

Shares of NYSE:TRV traded up $3.96 during midday trading on Friday, reaching $265.77. The company had a trading volume of 1,687,842 shares, compared to its average volume of 1,289,074. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business's 50 day moving average price is $265.92 and its 200 day moving average price is $256.35. The stock has a market cap of $60.03 billion, a PE ratio of 11.75, a P/E/G ratio of 3.92 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $203.21 and a 1-year high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter last year, the company posted $2.51 earnings per share. Travelers Companies's quarterly revenue was up 7.4% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 19.46%.

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.