AJOVista LLC Buys Shares of 463 The Travelers Companies, Inc. (NYSE:TRV)

AJOVista LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 463 shares of the insurance provider’s stock, valued at approximately $88,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dynamic Advisor Solutions LLC boosted its holdings in shares of Travelers Companies by 124.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after acquiring an additional 7,649 shares in the last quarter. Worth Asset Management LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $2,201,000. Nordea Investment Management AB boosted its holdings in shares of Travelers Companies by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after acquiring an additional 16,580 shares in the last quarter. DNB Asset Management AS boosted its holdings in Travelers Companies by 53.5% during the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock worth $13,240,000 after buying an additional 24,230 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Travelers Companies by 25.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 92,045 shares of the insurance provider’s stock worth $17,534,000 after buying an additional 18,485 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies 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 $4,877,860.08. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,635 shares of company stock valued at $12,057,727. Insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TRV shares. JPMorgan Chase & Co. raised their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Royal Bank of Canada reduced their price target on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Citigroup upped their price target on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Jefferies Financial Group reduced their price target on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, April 19th. Finally, JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $223.47.

Travelers Companies Price Performance

TRV stock traded down $0.52 during trading on Friday, hitting $213.85. 1,298,445 shares of the stock traded hands, compared to its average volume of 1,525,222. 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 $48.97 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.11 and a beta of 0.60. The company has a 50 day simple moving average of $220.82 and a 200 day simple moving average of $200.14. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly 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). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the business earned $4.11 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 17.71 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. The ex-dividend date is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.96%. Travelers Companies’s payout ratio is currently 29.72%.

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.