988 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 988 shares of the insurance provider’s stock, valued at approximately $227,000.

A number of other institutional investors and hedge funds also recently modified their holdings of TRV. Brookstone Capital Management boosted its holdings in Travelers Companies by 16.2% in the first quarter. Brookstone Capital Management now owns 1,630 shares of the insurance provider’s stock valued at $375,000 after acquiring an additional 227 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Travelers Companies by 264.1% during the first quarter. Sunbelt Securities Inc. now owns 1,318 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 956 shares during the last quarter. Atlas Capital Advisors LLC raised its holdings in shares of Travelers Companies by 65.9% in the 1st quarter. Atlas Capital Advisors LLC now owns 413 shares of the insurance provider’s stock worth $95,000 after purchasing an additional 164 shares during the period. Eagle Rock Investment Company LLC lifted its stake in shares of Travelers Companies by 0.5% in the 1st quarter. Eagle Rock Investment Company LLC now owns 16,353 shares of the insurance provider’s stock valued at $3,763,000 after purchasing an additional 88 shares in the last quarter. Finally, West Coast Financial LLC grew its holdings in shares of Travelers Companies by 25.0% during the 1st quarter. West Coast Financial LLC now owns 1,511 shares of the insurance provider’s stock worth $348,000 after purchasing an additional 302 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research reports. Keefe, Bruyette & Woods cut their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Roth Mkm restated a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research note on Monday. Finally, Piper Sandler restated a “neutral” rating and issued a $213.00 target price on shares of Travelers Companies in a research note on Monday, April 1st. 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 given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $222.65.

Travelers Companies Trading Down 1.4 %

NYSE TRV opened at $205.70 on Thursday. The firm has a market capitalization of $47.10 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 1.10 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The company has a 50-day simple moving average of $212.77 and a 200-day simple moving average of $211.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.11 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.59 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 2.04%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Activity

In related news, EVP Michael Frederick Klein sold 10,000 shares of the 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 sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’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 directly owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is currently 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.