The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 100.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,910 shares of the insurance provider’s stock after purchasing an additional 25,575 shares during the period. Wellington Management Group LLP’s holdings in Travelers Companies were worth $9,698,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of TRV. Wealth Quarterback LLC grew its stake in Travelers Companies by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock worth $825,000 after buying an additional 49 shares during the last quarter. Grimes & Company Inc. increased its holdings in shares of Travelers Companies by 2.2% in the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after acquiring an additional 53 shares during the period. Slow Capital Inc. raised its position in Travelers Companies by 0.3% in the 4th quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider’s stock valued at $3,451,000 after purchasing an additional 53 shares during the last quarter. Pzena Investment Management LLC boosted its stake in Travelers Companies by 2.5% during the 4th quarter. Pzena Investment Management LLC now owns 2,406 shares of the insurance provider’s stock worth $458,000 after purchasing an additional 59 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in 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 purchasing an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at approximately $3,941,843.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction of $1,064,500.00. Following the sale, 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 filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were 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 disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock valued at $3,980,827 over the last quarter. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent research reports. The Goldman Sachs Group increased their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. 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. UBS Group decreased their price target on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Evercore ISI dropped their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, April 18th. Finally, Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Two 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $222.65.

Travelers Companies Stock Performance

TRV opened at $206.96 on Friday. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The stock has a market cap of $47.39 billion, a P/E ratio of 15.38, a P/E/G ratio of 1.10 and a beta of 0.62. The stock’s 50 day simple moving average is $212.76 and its 200 day simple moving average is $211.21. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last posted its earnings results 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). The firm 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 firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the company posted $4.11 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.59 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced 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. The ex-dividend date is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.03%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is presently 31.20%.

Travelers Companies Company 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.