The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 896,937 shares of the insurance provider's stock after buying an additional 12,310 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.40% of Travelers Companies worth $237,204,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $26,000. Kapitalo Investimentos Ltda acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $30,000. Wood Tarver Financial Group LLC acquired a new position in shares of Travelers Companies during the 4th quarter valued at $33,000. Finally, Generali Investments Management Co LLC acquired a new position in shares of Travelers Companies during the 4th quarter valued at $37,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Up 0.1%

TRV traded up $0.26 on Friday, hitting $263.21. 1,156,778 shares of the company were exchanged, compared to its average volume of 1,284,000. The stock has a market capitalization of $59.45 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 3.85 and a beta of 0.53. The Travelers Companies, Inc. has a 12 month low of $200.40 and a 12 month high of $277.83. The firm has a fifty day simple moving average of $267.30 and a two-hundred day simple moving average of $254.56. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The business had revenue of $10.52 billion during the quarter, compared to analysts' expectations of $10.97 billion. During the same quarter in the previous year, the business earned $4.69 earnings per share. Sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.67%. Travelers Companies's dividend payout ratio is 23.95%.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the transaction, the executive vice president now owns 118,116 shares in the company, valued at $32,387,407.20. The trade was a 23.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the sale, the insider now owns 255,086 shares of the company's stock, valued at approximately $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. Insiders sold a total of 163,869 shares of company stock valued at $44,868,201 over the last 90 days. Company insiders own 1.46% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TRV. Wells Fargo & Company increased their price objective on Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 17th. HSBC downgraded Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price objective for the company. in a research report on Monday, March 24th. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, UBS Group lowered their target price on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $271.11.

Travelers Companies 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.