Kepler Cheuvreux Suisse SA Acquires 3,275 Shares of The Travelers Companies, Inc. $TRV

Kepler Cheuvreux Suisse SA grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 65.2% during the 1st quarter, HoldingsChannel reports. The fund owned 8,297 shares of the insurance provider’s stock after buying an additional 3,275 shares during the period. Kepler Cheuvreux Suisse SA’s holdings in Travelers Companies were worth $2,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. HHM Wealth Advisors LLC raised its stake in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Kemnay Advisory Services Inc. bought a new position in Travelers Companies in the 4th quarter worth about $26,000. Osterweis Capital Management Inc. grew its holdings in 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 buying an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at about $28,000. Finally, Entrust Financial LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at about $31,000. 82.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TRV has been the subject of a number of analyst reports. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Barclays cut shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $331.00 to $295.00 in a research report on Friday, June 12th. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Finally, Brean Capital started coverage on shares of Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $309.07.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the sale, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,573 shares of company stock worth $11,504,146 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Stock Down 0.2%

Shares of NYSE:TRV opened at $341.65 on Friday. The stock has a 50 day moving average price of $306.77 and a 200-day moving average price of $298.09. 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 has a market capitalization of $72.65 billion, a P/E ratio of 10.17, a P/E/G ratio of 3.09 and a beta of 0.46. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $342.31.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the firm posted $1.91 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were paid a dividend of $1.25 per share. The ex-dividend date was Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

Travelers Companies Company Profile

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.