Compass Capital Corp MA ADV Takes $328,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Compass Capital Corp MA ADV bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the first quarter, HoldingsChannel reports. The firm bought 1,239 shares of the insurance provider’s stock, valued at approximately $328,000.

Several other institutional investors also recently bought and sold shares of the stock. Putney Financial Group LLC bought a new position in shares of Travelers Companies during the 4th quarter valued at about $26,000. Ameriflex Group Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter worth about $26,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies during the fourth quarter valued at approximately $30,000. Wood Tarver Financial Group LLC bought a new position in Travelers Companies during the fourth quarter valued at approximately $33,000. Finally, Generali Investments Management Co LLC purchased a new position in Travelers Companies during the 4th quarter valued at approximately $37,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Travelers Companies stock opened at $264.93 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $59.84 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $277.83. The company’s 50-day moving average is $265.38 and its 200 day moving average is $254.21.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. During the same quarter in the prior year, the firm 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.66%. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is 23.95%.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the sale, the insider now owns 255,086 shares in the company, valued at $70,021,107. This trade represents a 0.78% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer now directly owns 26,932 shares of the company’s stock, 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. Insiders have sold a total of 163,869 shares of company stock worth $44,868,201 over the last quarter. Company insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TRV. Jefferies Financial Group upped their price objective on Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, April 11th. 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 increased their price objective 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. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Finally, Wells Fargo & Company increased their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a report on Thursday, April 17th. Three equities 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. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $271.11.

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.