Martingale Asset Management L P Buys 4,984 Shares of The Travelers Companies, Inc. $TRV

Martingale Asset Management L P boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 5.4% in the fourth quarter, HoldingsChannel reports. The firm owned 97,439 shares of the insurance provider’s stock after acquiring an additional 4,984 shares during the period. Martingale Asset Management L P’s holdings in Travelers Companies were worth $28,263,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in TRV. Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $28,000. Entrust Financial LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $31,000. Navalign LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $35,000. Finally, eCIO Inc. bought a new stake in shares of Travelers Companies during the 4th quarter valued at $37,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. BMO Capital Markets boosted their price objective on shares of Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Finally, Brean Capital initiated coverage on shares of Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $309.07.

Insider Activity

In other news, EVP Diane Kurtzman sold 2,867 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the sale, the executive vice president directly owned 5,298 shares in the company, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Avrohom J. Kess sold 6,735 shares of the company’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the sale, the insider owned 48,737 shares in the company, valued at $15,049,010.86. This represents a 12.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is owned by insiders.

Travelers Companies Stock Up 0.2%

TRV opened at $304.62 on Friday. The stock has a market cap of $64.78 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 2.74 and a beta of 0.48. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm’s fifty day moving average is $300.22 and its 200 day moving average is $294.52.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. The business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.91 EPS. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is presently 14.88%.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.