Global Assets Advisory LLC Buys New Stake in The Travelers Companies, Inc. (NYSE:TRV)

Global Assets Advisory LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 64,606 shares of the insurance provider’s stock, valued at approximately $14,868,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. LPL Financial LLC increased its stake in Travelers Companies by 4.2% during the 3rd quarter. LPL Financial LLC now owns 150,473 shares of the insurance provider’s stock valued at $24,574,000 after buying an additional 6,002 shares during the period. Mariner LLC lifted its position in Travelers Companies by 2.8% in the third quarter. Mariner LLC now owns 57,663 shares of the insurance provider’s stock worth $9,417,000 after purchasing an additional 1,577 shares during the period. Stifel Financial Corp boosted its stake in Travelers Companies by 8.2% during the 3rd quarter. Stifel Financial Corp now owns 185,152 shares of the insurance provider’s stock valued at $30,237,000 after purchasing an additional 13,972 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of Travelers Companies by 61.7% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,770 shares of the insurance provider’s stock valued at $3,065,000 after purchasing an additional 7,165 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Travelers Companies by 5.5% in the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 2,301 shares of the insurance provider’s stock worth $376,000 after buying an additional 120 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated 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 directly 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. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction on 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 in the company, valued at approximately $1,298,106. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $3,980,827 in the last quarter. 1.33% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. Roth Mkm reissued a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. JPMorgan Chase & Co. raised their price objective on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Finally, Citigroup boosted their target price on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $222.65.

Travelers Companies Stock Up 0.6 %

NYSE TRV opened at $211.09 on Tuesday. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The company has a market capitalization of $48.34 billion, a price-to-earnings ratio of 15.68, a PEG ratio of 1.09 and a beta of 0.62. The stock’s 50 day moving average is $213.06 and its two-hundred day moving average is $211.06. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same period in the prior year, the firm earned $4.11 EPS. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. Equities analysts forecast that The Travelers Companies, Inc. will post 17.79 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.99%. Travelers Companies’s dividend payout ratio is presently 31.20%.

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.