Atlas Capital Advisors LLC Purchases 164 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Atlas Capital Advisors LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 65.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 413 shares of the insurance provider’s stock after buying an additional 164 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Travelers Companies were worth $95,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in TRV. Norges Bank bought a new stake in Travelers Companies during the 4th quarter worth approximately $282,593,000. Jacobs Levy Equity Management Inc. lifted its position in shares of Travelers Companies by 1,826.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock worth $83,731,000 after purchasing an additional 486,098 shares during the period. International Assets Investment Management LLC lifted its position in shares of Travelers Companies by 19,918.1% in the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock worth $90,641,000 after purchasing an additional 473,453 shares during the period. Boston Partners lifted its position in shares of Travelers Companies by 42.5% in the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after purchasing an additional 355,489 shares during the period. Finally, Point72 Asset Management L.P. lifted its position in shares of Travelers Companies by 6,167.2% in the 4th quarter. Point72 Asset Management L.P. now owns 333,854 shares of the insurance provider’s stock worth $63,596,000 after purchasing an additional 328,527 shares during the period. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRV. Piper Sandler restated a “neutral” rating and issued a $213.00 price target on shares of Travelers Companies in a research report on Monday, April 1st. Roth Mkm restated a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. UBS Group dropped their target price on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Finally, Evercore ISI dropped their target price on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $222.65.

Travelers Companies Stock Performance

TRV opened at $205.70 on Thursday. 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 company’s fifty day moving average price is $212.77 and its two-hundred day moving average price is $211.25. 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 cap of $47.10 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 1.10 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the previous year, the company posted $4.11 EPS. The business’s quarterly revenue was up 15.7% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 17.59 EPS 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 paid a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. This represents a $4.20 annualized dividend and a dividend yield of 2.04%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the completion of the sale, the chief financial officer now 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 sold a total of 18,635 shares of company stock worth $3,980,827 in the last quarter. 1.33% of the stock is currently owned by corporate insiders.

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.