The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Unigestion Holding SA

Unigestion Holding SA boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 121.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,892 shares of the insurance provider's stock after purchasing an additional 2,134 shares during the quarter. Unigestion Holding SA's holdings in Travelers Companies were worth $1,029,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Putney Financial Group LLC purchased a new stake in Travelers Companies in the fourth quarter valued at $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $26,000. YANKCOM Partnership purchased a new position in shares of Travelers Companies in the 4th quarter valued at $27,000. Kapitalo Investimentos Ltda purchased a new stake in shares of Travelers Companies in the 4th quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, 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 transaction, the chief executive officer now directly owns 262,329 shares in the company, valued at $71,820,433.62. This represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Donnay Rowland sold 12,069 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.01, for a total transaction of $3,307,026.69. Following the completion of the transaction, the executive vice president now directly owns 11,731 shares in the company, valued at $3,214,411.31. The trade was a 50.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock valued at $44,868,201 in the last three months. 1.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a report on Tuesday, April 8th. HSBC cut Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target for the company. in a report on Monday, March 24th. Wells Fargo & Company increased their target price on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 17th. Barclays lowered their target price 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. Finally, Hsbc Global Res cut shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $271.11.

Travelers Companies Trading Down 0.3%

Shares of TRV traded down $0.94 during mid-day trading on Thursday, hitting $270.92. 772,982 shares of the company's stock traded hands, compared to its average volume of 1,290,692. The business's 50-day moving average price is $262.24 and its 200-day moving average price is $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 firm has a market capitalization of $61.38 billion, a P/E ratio of 12.62, a PEG ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the prior year, the firm earned $4.69 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a $1.10 dividend. 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%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's 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.