3,987 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Yoffe Investment Management LLC

Yoffe Investment Management LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,987 shares of the insurance provider's stock, valued at approximately $960,000. Travelers Companies makes up about 1.4% of Yoffe Investment Management LLC's portfolio, making the stock its 15th biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Elevate Capital Advisors LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at about $4,627,000. Erste Asset Management GmbH raised its position in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider's stock valued at $2,414,000 after purchasing an additional 100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Travelers Companies by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider's stock valued at $38,343,000 after purchasing an additional 47,985 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Travelers Companies by 16.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider's stock valued at $5,122,000 after purchasing an additional 3,046 shares during the period. Finally, Banco Santander S.A. raised its position in shares of Travelers Companies by 2.3% in the fourth quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider's stock valued at $16,065,000 after purchasing an additional 1,494 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 0.6%

Shares of NYSE:TRV traded up $1.54 during mid-day trading on Friday, hitting $275.95. The company had a trading volume of 2,689,910 shares, compared to its average volume of 1,299,452. The firm has a fifty day moving average price of $261.47 and a 200 day moving average price of $253.63. The company has a market capitalization of $62.52 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $277.65.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, beating the consensus estimate of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analyst estimates 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 in the previous year, the business posted $4.69 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business 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. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.59%. This is a positive change from Travelers Companies's previous quarterly dividend of $1.05. Travelers Companies's payout ratio is currently 23.95%.

Analyst Ratings Changes

A number of equities analysts recently commented on TRV shares. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an "outperform" rating in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. Hsbc Global Res downgraded shares of Travelers Companies from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, 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. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average target price of $271.11.

Insider Activity at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were 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 of the company's stock, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the transaction, the insider now directly owns 255,086 shares in the company, valued at $70,021,107. This represents a 0.78% decrease in their ownership of the stock. 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. 1.46% of the stock is owned by company insiders.

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.