Kowal Investment Group LLC Takes $227,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Kowal Investment Group LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 985 shares of the insurance provider’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Wealth Quarterback LLC lifted its stake in shares of Travelers Companies by 1.1% in the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after purchasing an additional 49 shares in the last quarter. Kapitalo Investimentos Ltda lifted its position in Travelers Companies by 24.1% during the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after acquiring an additional 49 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Travelers Companies by 9.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after acquiring an additional 50 shares in the last quarter. Norwood Financial Corp lifted its position in Travelers Companies by 16.1% during the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after acquiring an additional 50 shares in the last quarter. Finally, Grimes & Company Inc. lifted its position in Travelers Companies by 2.2% during the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after acquiring an additional 53 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley boosted their price target on Travelers Companies from $214.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. Citigroup reissued a “sell” rating and set a $200.00 price target (down from $226.00) on shares of Travelers Companies in a research report on Friday. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday. Finally, Evercore ISI dropped their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $221.12.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $202.97 on Tuesday. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. 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 has a market capitalization of $46.48 billion, a price-to-earnings ratio of 15.08, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. The business has a 50 day simple moving average of $212.47 and a 200-day simple moving average of $211.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.11 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.59 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were paid a dividend of $1.05 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Monday, June 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insiders Place Their Bets

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