Capital Investment Advisors LLC Purchases 885 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Capital Investment Advisors LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 58.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,394 shares of the insurance provider’s stock after buying an additional 885 shares during the period. Capital Investment Advisors LLC’s holdings in Travelers Companies were worth $633,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Yoffe Investment Management LLC bought a new position in Travelers Companies in the 4th quarter worth $1,202,000. Erste Asset Management GmbH lifted its stake in Travelers Companies by 1.0% in the 4th quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after purchasing an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Travelers Companies by 43.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock worth $38,343,000 after purchasing an additional 47,985 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Travelers Companies by 16.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock worth $5,122,000 after purchasing an additional 3,046 shares in the last quarter. Finally, Banco Santander S.A. lifted its stake in Travelers Companies by 2.3% in the 4th quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider’s stock worth $16,065,000 after purchasing an additional 1,494 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Evercore ISI upped their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Barclays decreased their target price on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Jefferies Financial Group upped their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an “equal weight” rating in a research report on Monday, May 19th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $271.11.

Travelers Companies Stock Performance

Travelers Companies stock opened at $262.90 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $277.83. The firm has a market capitalization of $59.38 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 4.65 and a beta of 0.53. The company’s 50-day moving average is $262.62 and its 200 day moving average is $254.17.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. During the same period last year, the company posted $4.69 earnings per share. Research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.67%. Travelers Companies’s dividend payout ratio (DPR) is 23.95%.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 15,180 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,657,685.25. This trade represents a 71.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 20,286 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the transaction, the chief financial officer now directly owns 26,932 shares in the company, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is currently owned by company 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.