CAPROCK Group Inc. Makes New $883,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

CAPROCK Group Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRVGet Rating) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 4,830 shares of the insurance provider’s stock, valued at approximately $883,000.

A number of other hedge funds also recently made changes to their positions in TRV. Norges Bank acquired a new stake in Travelers Companies during the 4th quarter worth approximately $224,986,000. Eaton Vance Management acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $64,576,000. Goldman Sachs Group Inc. raised its holdings in shares of Travelers Companies by 56.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,135,421 shares of the insurance provider’s stock valued at $177,614,000 after purchasing an additional 408,488 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $41,080,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in shares of Travelers Companies by 4,249.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 228,756 shares of the insurance provider’s stock valued at $35,784,000 after purchasing an additional 223,496 shares during the last quarter. Hedge funds and other institutional investors own 83.20% of the company’s stock.

TRV has been the topic of a number of recent research reports. Morgan Stanley lowered their price objective on shares of Travelers Companies from $184.00 to $181.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Raymond James upgraded shares of Travelers Companies from an “underperform” rating to a “market perform” rating in a report on Wednesday, April 20th. Wolfe Research downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating in a report on Wednesday. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $172.00 to $180.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 12th. Finally, Royal Bank of Canada boosted their target price on shares of Travelers Companies from $170.00 to $190.00 and gave the stock a “sector perform” rating in a report on Monday, April 4th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $178.69.

In other news, Vice Chairman William H. Heyman sold 3,013 shares of the business’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $179.19, for a total value of $539,899.47. Following the completion of the sale, the insider now owns 251,605 shares of the company’s stock, valued at $45,085,099.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $177.92, for a total transaction of $1,779,200.00. Following the completion of the sale, the executive vice president now directly owns 9,107 shares of the company’s stock, valued at approximately $1,620,317.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,894 shares of company stock valued at $8,451,233. Company insiders own 1.07% of the company’s stock.

TRV stock opened at $163.15 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The company has a fifty day moving average price of $173.04 and a two-hundred day moving average price of $170.55. The Travelers Companies, Inc. has a one year low of $145.40 and a one year high of $187.98. The stock has a market cap of $39.15 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 3.48 and a beta of 0.70.

Travelers Companies (NYSE:TRVGet Rating) last released its quarterly earnings data on Tuesday, April 19th. The insurance provider reported $4.22 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.52. Travelers Companies had a net margin of 11.18% and a return on equity of 13.78%. The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.03 billion. During the same period in the previous year, the business posted $2.73 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 13.5 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 10th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.28%. This is a boost from Travelers Companies’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, June 9th. Travelers Companies’s payout ratio is 23.54%.

About Travelers Companies (Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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