First Trust Direct Indexing L.P. Increases Stake in The Travelers Companies, Inc. (NYSE:TRV)

First Trust Direct Indexing L.P. grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,080 shares of the insurance provider’s stock after buying an additional 862 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Travelers Companies were worth $2,090,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Northwest Financial Advisors acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $32,000. Opal Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the first quarter worth $42,000. Tributary Capital Management LLC bought a new stake in shares of Travelers Companies in the first quarter worth $45,000. MCF Advisors LLC increased its stake in shares of Travelers Companies by 53.8% in the first quarter. MCF Advisors LLC now owns 203 shares of the insurance provider’s stock worth $47,000 after buying an additional 71 shares during the last quarter. Finally, Private Wealth Management Group LLC acquired a new position in Travelers Companies in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.0 %

Shares of NYSE:TRV opened at $203.69 on Friday. The stock has a market cap of $46.64 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 1.09 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The business’s 50 day moving average is $211.63 and its 200 day moving average is $211.88.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $4.11 EPS. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.44 earnings per share for the current fiscal 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 represents a $4.20 dividend on an annualized basis and a dividend yield of 2.06%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, June 10th. Travelers Companies’s payout ratio is presently 31.20%.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the 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 owns 22,798 shares in the company, valued at approximately $4,877,860.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,298,106. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TRV shares. Roth Mkm reissued a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Friday, June 28th. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. HSBC increased their price target on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Finally, Citigroup reissued a “sell” rating and issued a $200.00 price target (down from $226.00) on shares of Travelers Companies in a research report on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $221.12.

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.