Northwestern Mutual Wealth Management Co. raised its stake in Travelers Companies Inc (NYSE:TRV) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,519 shares of the insurance provider’s stock after purchasing an additional 124 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Travelers Companies were worth $2,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sontag Advisory LLC purchased a new position in shares of Travelers Companies in the 4th quarter valued at $27,000. Interactive Financial Advisors purchased a new position in shares of Travelers Companies in the 1st quarter valued at $27,000. Buffington Mohr McNeal purchased a new position in shares of Travelers Companies in the 1st quarter valued at $28,000. Oregon Public Employees Retirement Fund raised its stake in shares of Travelers Companies by 11,730.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,525,799 shares of the insurance provider’s stock valued at $29,000 after acquiring an additional 3,495,996 shares during the period. Finally, Global Retirement Partners LLC raised its stake in shares of Travelers Companies by 120.5% in the 4th quarter. Global Retirement Partners LLC now owns 247 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 135 shares during the period. Institutional investors own 80.47% of the company’s stock.

A number of brokerages have recently commented on TRV. UBS Group raised their target price on shares of Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Royal Bank of Canada set a $145.00 target price on shares of Travelers Companies and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Barclays raised their target price on shares of Travelers Companies from $160.00 to $170.00 and gave the company an “overweight” rating in a research note on Wednesday, May 22nd. Zacks Investment Research raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 target price on the stock in a research note on Tuesday, March 26th. Finally, MKM Partners lifted their price target on shares of Travelers Companies to $140.00 and gave the stock a “neutral” rating in a research note on Monday, April 22nd. One investment analyst has 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. The stock currently has a consensus rating of “Hold” and an average price target of $141.42.

Travelers Companies stock opened at $145.57 on Friday. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $148.85. The firm has a market cap of $38.17 billion, a P/E ratio of 15.65, a PEG ratio of 1.32 and a beta of 1.08. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.76 by $0.07. Travelers Companies had a net margin of 8.64% and a return on equity of 10.86%. The firm had revenue of $6.86 billion for the quarter, compared to the consensus estimate of $6.94 billion. During the same quarter in the previous year, the firm posted $2.46 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, equities analysts expect that Travelers Companies Inc will post 11.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a dividend of $0.82 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend is Friday, June 7th. This represents a $3.28 annualized dividend and a yield of 2.25%. Travelers Companies’s payout ratio is 34.45%.

In related news, Vice Chairman William H. Heyman sold 9,500 shares of Travelers Companies stock in a transaction on Monday, April 29th. The shares were sold at an average price of $140.79, for a total transaction of $1,337,505.00. Following the sale, the insider now owns 241,745 shares of the company’s stock, valued at approximately $34,035,278.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jay S. Benet sold 60,979 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $137.46, for a total transaction of $8,382,173.34. Following the sale, the insider now directly owns 146,845 shares in the company, valued at approximately $20,185,313.70. The disclosure for this sale can be found here. Insiders have sold a total of 211,860 shares of company stock worth $30,020,402 in the last ninety days. 0.73% of the stock is currently owned by insiders.

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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.

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

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