Patton Albertson Miller Group LLC Grows Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Patton Albertson Miller Group LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 20.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,462 shares of the insurance provider's stock after buying an additional 4,848 shares during the quarter. Patton Albertson Miller Group LLC's holdings in Travelers Companies were worth $5,422,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. First Command Advisory Services Inc. purchased a new position in Travelers Companies in the third quarter valued at about $26,000. AM Squared Ltd raised its holdings in Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider's stock valued at $33,000 after acquiring an additional 100 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in Travelers Companies during the 4th quarter valued at $40,000. OLD Second National Bank of Aurora acquired a new position in Travelers Companies during the 4th quarter worth $41,000. Finally, Operose Advisors LLC acquired a new position in Travelers Companies during the 3rd quarter worth $43,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

TRV stock traded down $1.00 on Friday, hitting $218.42. 820,466 shares of the company's stock traded hands, compared to its average volume of 1,507,592. The stock has a market cap of $50.02 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 1.12 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 stock has a fifty day moving average of $220.55 and a 200-day moving average of $201.57. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly 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). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion during the quarter, compared to analysts' expectations of $10.62 billion. During the same period in the prior year, the business posted $4.11 EPS. The company's revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts forecast that The Travelers Companies, Inc. will post 17.72 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.92%. This is a boost from Travelers Companies's previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. Travelers Companies's payout ratio is presently 29.72%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company's stock in a transaction that occurred 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 approximately $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares of the company's stock, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Insiders have sold a total of 18,635 shares of company stock valued at $3,980,827 in the last three months. 1.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRV. JPMorgan Chase & Co. increased their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an "underweight" rating in a research report on Monday, April 8th. UBS Group decreased their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a "neutral" rating for the company in a report on Monday, April 22nd. Oppenheimer reissued a "market perform" rating on shares of Travelers Companies in a report on Friday, April 5th. The Goldman Sachs Group lifted their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the company a "sell" rating in a report on Friday, April 12th. Finally, Roth Mkm reissued a "buy" rating and issued a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $222.65.

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.

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