MCF Advisors LLC Grows Holdings in The Travelers Companies, Inc. (NYSE:TRV)

MCF Advisors LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 53.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 203 shares of the insurance provider’s stock after acquiring an additional 71 shares during the quarter. MCF Advisors LLC’s holdings in Travelers Companies were worth $47,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TRV. Johnson Investment Counsel Inc. grew its holdings in Travelers Companies by 29.0% in the fourth quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock valued at $879,000 after purchasing an additional 1,037 shares during the period. Focus Financial Network Inc. ADV acquired a new stake in Travelers Companies in the 4th quarter valued at $1,973,000. Dynamic Advisor Solutions LLC increased its holdings in Travelers Companies by 124.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after acquiring an additional 7,649 shares in the last quarter. Wellington Management Group LLP increased its holdings in Travelers Companies by 100.9% in the 4th quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock worth $9,698,000 after acquiring an additional 25,575 shares in the last quarter. Finally, Bank of Nova Scotia lifted its holdings in Travelers Companies by 552.8% during the fourth quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock valued at $31,631,000 after purchasing an additional 140,622 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following 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 document filed with the SEC, which is accessible through this hyperlink. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. Insiders sold a total of 18,635 shares of company stock valued at $3,980,827 over the last 90 days. 1.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRV. Jefferies Financial Group cut their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. HSBC raised their target price on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research report on Thursday, April 4th. Roth Mkm reiterated a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. Citigroup reissued a “sell” rating and issued a $200.00 price objective (down from $226.00) on shares of Travelers Companies in a research note on Friday. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average price target of $221.12.

Travelers Companies Stock Down 1.7 %

Shares of NYSE TRV opened at $203.34 on Friday. The company has a market capitalization of $46.56 billion, a P/E ratio of 15.11, a P/E/G ratio of 1.08 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The company has a 50 day simple moving average of $212.47 and a 200-day simple moving average of $211.52. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) 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 period last year, the business earned $4.11 EPS. Travelers Companies’s revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts predict 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 was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were given a $1.05 dividend. The ex-dividend date was Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.07%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend 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.