The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by LVW Advisors LLC

LVW Advisors LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.8% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,938 shares of the insurance provider’s stock after purchasing an additional 286 shares during the period. LVW Advisors LLC’s holdings in Travelers Companies were worth $676,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Citizens Business Bank grew its position in Travelers Companies by 9.5% during the 1st quarter. Citizens Business Bank now owns 23,046 shares of the insurance provider’s stock worth $5,304,000 after purchasing an additional 2,005 shares during the period. SteelPeak Wealth LLC grew its position in shares of Travelers Companies by 536.8% during the 1st quarter. SteelPeak Wealth LLC now owns 25,728 shares of the insurance provider’s stock valued at $5,921,000 after acquiring an additional 21,688 shares during the period. Ironwood Financial llc acquired a new stake in shares of Travelers Companies during the 1st quarter valued at about $216,000. Founders Financial Securities LLC grew its position in shares of Travelers Companies by 5.0% during the 1st quarter. Founders Financial Securities LLC now owns 8,817 shares of the insurance provider’s stock valued at $2,029,000 after acquiring an additional 417 shares during the period. Finally, Vicus Capital acquired a new stake in shares of Travelers Companies during the 1st quarter valued at about $453,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRV has been the topic of a number of analyst reports. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. The Goldman Sachs Group raised their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday, April 12th. UBS Group lowered their price objective on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Finally, Evercore ISI lowered 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 research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $221.12.

Travelers Companies Stock Down 0.2 %

TRV stock opened at $202.97 on Tuesday. The firm has a market cap of $46.48 billion, a PE ratio of 15.08, a PEG ratio of 1.08 and a beta of 0.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm’s 50 day moving average price is $212.47 and its 200-day moving average price is $211.70. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.11 EPS. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.59 EPS for the current year.

Travelers Companies Increases Dividend

The company 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. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date was Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.07%. Travelers Companies’s payout ratio is presently 31.20%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was 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 $4,877,860.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was 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 $4,877,860.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was 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 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 a total of 18,635 shares of company stock valued at $3,980,827 over the last quarter. 1.33% of the stock is 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.