Charles Schwab Investment Management Inc. Purchases 40,114 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Charles Schwab Investment Management Inc. lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,435,924 shares of the insurance provider's stock after buying an additional 40,114 shares during the period. Charles Schwab Investment Management Inc. owned about 0.63% of Travelers Companies worth $273,529,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Grimes & Company Inc. grew its stake in shares of Travelers Companies by 2.2% in the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider's stock valued at $461,000 after buying an additional 53 shares in the last quarter. Slow Capital Inc. lifted its position in shares of Travelers Companies by 0.3% in the fourth quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider's stock valued at $3,451,000 after buying an additional 53 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Travelers Companies by 25.5% during the 4th quarter. Hexagon Capital Partners LLC now owns 295 shares of the insurance provider's stock worth $56,000 after acquiring an additional 60 shares during the period. Schmidt P J Investment Management Inc. increased its holdings in shares of Travelers Companies by 4.0% during the 4th quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider's stock worth $339,000 after acquiring an additional 61 shares during the last quarter. Finally, Farmers Trust Co. raised its stake in Travelers Companies by 4.5% in the 4th quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider's stock valued at $290,000 after acquiring an additional 66 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares of the company's stock, valued at approximately $1,298,106. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Michael Frederick Klein sold 10,000 shares of the business's stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares of the company's stock, valued at $1,298,106. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock valued at $3,980,827 in the last ninety days. 1.33% of the stock is currently owned by insiders.

Travelers Companies Price Performance

Travelers Companies stock traded up $2.08 during midday trading on Thursday, reaching $219.42. The company's stock had a trading volume of 1,021,106 shares, compared to its average volume of 1,447,996. The stock has a market cap of $50.25 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The business has a 50-day moving average price of $220.58 and a 200-day moving average price of $201.45.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts' consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.11 EPS. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.71 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from Travelers Companies's previous quarterly dividend of $1.00. Travelers Companies's dividend payout ratio (DPR) is 31.20%.

Analysts Set New Price Targets

TRV has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $194.00 to $213.00 and gave the company an "underweight" rating in a research report on Monday, April 8th. Evercore ISI reduced their price objective on Travelers Companies from $253.00 to $250.00 and set an "outperform" rating for the company in a report on Thursday, April 18th. TD Cowen lowered their target price on Travelers Companies from $261.00 to $252.00 and set a "buy" rating on the stock in a research note on Tuesday, April 23rd. Roth Mkm reaffirmed a "buy" rating and issued a $240.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. Finally, Citigroup lifted their target price on Travelers Companies from $215.00 to $226.00 and gave the stock a "neutral" rating in a report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and an average target price of $223.47.

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.