Narus Financial Partners LLC Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

Narus Financial Partners LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 910 shares of the insurance provider’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wealth Quarterback LLC boosted its position in shares of Travelers Companies by 1.1% during the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock worth $825,000 after purchasing an additional 49 shares in the last quarter. Kapitalo Investimentos Ltda lifted its holdings in Travelers Companies by 24.1% during the fourth 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 grew its stake in Travelers Companies by 9.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after acquiring an additional 50 shares during the period. Norwood Financial Corp increased its holdings in shares of Travelers Companies by 16.1% in the first 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. raised its position in shares of Travelers Companies by 2.2% during the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after purchasing an additional 53 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley increased their target price on Travelers Companies from $214.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Roth Mkm reissued a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research note on Thursday, April 18th. Finally, Jefferies Financial Group cut their price target on Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $221.12.

Travelers Companies Stock Performance

Shares of TRV stock opened at $203.66 on Wednesday. The company has a fifty day moving average price of $212.25 and a two-hundred day moving average price of $211.85. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The stock has a market cap of $46.64 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.08 and a beta of 0.61. 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 issued 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). 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 company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the business posted $4.11 earnings per share. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.52 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were given a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, June 10th. This represents a $4.20 annualized dividend and a dividend yield of 2.06%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was 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 owns 18,515 shares in the company, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 in the last 90 days. Company insiders own 1.33% of the company’s stock.

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.