Vision Capital Management Inc. Purchases New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Vision Capital Management Inc. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the insurance provider's stock, valued at approximately $264,000.

A number of other institutional investors have also added to or reduced their stakes in TRV. Brighton Jones LLC grew its holdings in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Travelers Companies during the 4th quarter worth approximately $276,000. Assetmark Inc. grew its holdings in Travelers Companies by 9.2% during the 4th quarter. Assetmark Inc. now owns 2,972 shares of the insurance provider's stock worth $716,000 after acquiring an additional 251 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Travelers Companies during the 4th quarter worth approximately $399,000. Finally, Sage Mountain Advisors LLC bought a new stake in Travelers Companies during the 4th quarter worth approximately $232,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV traded down $1.73 on Friday, reaching $254.26. The company had a trading volume of 782,224 shares, compared to its average volume of 1,287,687. The business has a 50 day simple moving average of $267.10 and a 200 day simple moving average of $255.71. The company has a market cap of $57.43 billion, a price-to-earnings ratio of 13.84, a P/E/G ratio of 3.75 and a beta of 0.51. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $202.95 and a 52-week high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its 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 9.09% and a return on equity of 16.10%. During the same period last year, the firm posted $4.69 earnings per share. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 10th. 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 1.73%. Travelers Companies's dividend payout ratio (DPR) is 23.95%.

Insider Activity

In other Travelers Companies news, 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 transaction, the executive vice president directly owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This trade represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the completion of the transaction, the insider directly owned 48,387 shares in the company, valued at approximately $13,254,650.91. The trade was a 32.63% 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. Insiders own 1.46% of the company's stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of research reports. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $260.00 to $264.00 and gave the stock an "equal weight" rating in a report on Thursday. UBS Group reduced their price objective on shares of Travelers Companies from $270.00 to $267.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Finally, Hsbc Global Res lowered shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $271.00.

Travelers Companies Company 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.