The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by National Pension Service

National Pension Service lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.2% in the fourth quarter, Holdings Channel reports. The firm owned 583,064 shares of the insurance provider’s stock after buying an additional 18,350 shares during the period. National Pension Service’s holdings in Travelers Companies were worth $111,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Grimes & Company Inc. boosted its holdings in Travelers Companies by 2.2% in the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after acquiring an additional 53 shares in the last quarter. Slow Capital Inc. increased its stake in Travelers Companies by 0.3% during the 4th quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider’s stock valued at $3,451,000 after purchasing an additional 53 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Travelers Companies by 25.5% during the 4th quarter. Hexagon Capital Partners LLC now owns 295 shares of the insurance provider’s stock valued at $56,000 after purchasing an additional 60 shares in the last quarter. Schmidt P J Investment Management Inc. raised its holdings in shares of Travelers Companies by 4.0% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider’s stock worth $339,000 after buying an additional 61 shares during the last quarter. Finally, Farmers Trust Co. lifted its stake in shares of Travelers Companies by 4.5% during the fourth quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider’s stock worth $290,000 after buying an additional 66 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Morgan Stanley upped their target price on Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Raymond James raised their price target on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Jefferies Financial Group dropped their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. Finally, The Goldman Sachs Group raised their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $223.47.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of TRV stock traded up $0.37 during trading hours on Wednesday, hitting $217.34. 595,242 shares of the company’s stock were exchanged, compared to its average volume of 1,452,786. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The firm has a market cap of $49.77 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.11 and a beta of 0.60. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $220.64 and a two-hundred day moving average of $201.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.11 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.71 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is 29.72%.

Travelers Companies Company 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.