Sumitomo Mitsui Trust Holdings Inc. Boosts Position in The Travelers Companies, Inc. (NYSE:TRV)

Sumitomo Mitsui Trust Holdings Inc. lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 926,338 shares of the insurance provider’s stock after purchasing an additional 34,076 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.40% of Travelers Companies worth $213,187,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Quarterback LLC lifted its holdings in Travelers Companies by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after acquiring an additional 49 shares during the last quarter. Kapitalo Investimentos Ltda raised its holdings in Travelers Companies by 24.1% in the 4th quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock valued at $48,000 after buying an additional 49 shares during the period. Massmutual Trust Co. FSB ADV lifted its position 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 buying an additional 50 shares during the last quarter. Norwood Financial Corp boosted its stake in Travelers Companies by 16.1% during the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after buying an additional 50 shares during the period. Finally, Grimes & Company Inc. increased 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 valued at $461,000 after acquiring an additional 53 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $203.66 on Thursday. The stock has a market cap of $46.64 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The business has a 50-day moving average price of $212.03 and a 200 day moving average price of $211.99. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its earnings results 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 business 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 business’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.11 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.52 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. Shareholders of record on Monday, June 10th were paid a dividend of $1.05 per share. The ex-dividend date of this dividend was Monday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.06%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRV. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 price objective on shares of Travelers Companies in a research report on Monday, June 24th. Roth Mkm reissued a “buy” rating and issued a $240.00 price objective on shares of Travelers Companies in a research note on Thursday, April 18th. Citigroup reaffirmed a “sell” rating and set a $200.00 target price (down from $226.00) on shares of Travelers Companies in a research note on Friday, June 28th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Finally, HSBC upped their price objective on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $221.12.

Insider Buying and Selling at Travelers Companies

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 completion of the sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were 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 of the company’s stock, valued at $3,941,843.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction that occurred on Wednesday, May 1st. The shares were 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 directly owns 6,075 shares in the company, valued at approximately $1,298,106. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is currently owned by 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.