Vest Financial LLC Acquires Shares of 115,539 The Travelers Companies, Inc. (NYSE:TRV)

Vest Financial LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 115,539 shares of the insurance provider's stock, valued at approximately $30,555,000. Vest Financial LLC owned approximately 0.05% of Travelers Companies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TRV. Ameriflex Group Inc. acquired a new stake in Travelers Companies during the fourth quarter worth $26,000. Putney Financial Group LLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $26,000. YANKCOM Partnership bought a new stake in Travelers Companies in the fourth quarter valued at about $27,000. Kapitalo Investimentos Ltda bought a new stake in Travelers Companies in the fourth quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth about $33,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

NYSE:TRV traded up $2.83 during trading hours on Friday, reaching $273.85. 695,471 shares of the company's stock were exchanged, compared to its average volume of 1,291,261. 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 company has a market capitalization of $62.05 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The Travelers Companies, Inc. has a 12 month low of $200.21 and a 12 month high of $277.83. The business's 50-day simple moving average is $262.37 and its two-hundred day simple moving average is $254.04.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share 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 the consensus estimate of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same quarter last year, the firm earned $4.69 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a yield of 1.61%. Travelers Companies's payout ratio is 23.95%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays dropped their price objective on Travelers Companies from $287.00 to $280.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Evercore ISI raised their target price on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Finally, Hsbc Global Res cut Travelers Companies from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average price target of $271.11.

Insider Buying and Selling

In other 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 value of $9,925,765.80. Following 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 document filed with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the transaction, the insider now owns 255,086 shares in the company, valued at $70,021,107. The trade was a 0.78% decrease in their position. 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 ninety days. Insiders own 1.46% of the company's stock.

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.