The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,322 shares of the insurance provider's stock after acquiring an additional 2,932 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.07% of Travelers Companies worth $42,927,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of TRV. Lake Street Advisors Group LLC grew its position in Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider's stock worth $555,000 after buying an additional 46 shares during the period. EverSource Wealth Advisors LLC grew its position in Travelers Companies by 7.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider's stock worth $173,000 after buying an additional 47 shares during the period. JT Stratford LLC grew its position in Travelers Companies by 0.8% during the fourth quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock worth $1,456,000 after buying an additional 49 shares during the period. Barden Capital Management Inc. grew its position in Travelers Companies by 1.1% during the first quarter. Barden Capital Management Inc. now owns 5,167 shares of the insurance provider's stock worth $1,366,000 after buying an additional 55 shares during the period. Finally, BOKF NA grew its position in shares of Travelers Companies by 0.8% in the fourth quarter. BOKF NA now owns 7,155 shares of the insurance provider's stock valued at $1,663,000 after purchasing an additional 57 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analyst Weigh In

TRV has been the topic of several research reports. Evercore ISI increased their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. Wells Fargo & Company increased their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an "equal weight" rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the company an "outperform" rating in a research report on Wednesday, May 28th. HSBC lowered shares of Travelers Companies from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Monday, March 24th. Finally, Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an "equal weight" rating in a research report on Monday, May 19th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $271.11.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the sale, the insider now owns 255,086 shares of the company's stock, valued at approximately $70,021,107. The trade was a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer now directly owns 26,932 shares of the company's stock, valued at $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,869 shares of company stock valued at $44,868,201. Insiders own 1.46% of the company's stock.

Travelers Companies Stock Up 0.1%

Travelers Companies stock traded up $0.16 during midday trading on Friday, hitting $265.06. 2,979,218 shares of the stock were exchanged, compared to its average volume of 1,288,522. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.83. The firm has a market cap of $59.87 billion, a P/E ratio of 14.43, a P/E/G ratio of 3.87 and a beta of 0.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The company has a 50 day moving average price of $266.19 and a two-hundred day moving average price of $254.20.

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 (EPS) for the quarter, topping the consensus estimate of $0.53 by $1.38. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the previous year, the firm posted $4.69 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.66%. This is an increase from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is presently 23.95%.

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.