Portside Wealth Group LLC Acquires New Position in The Travelers Companies, Inc. (NYSE:TRV)

Portside Wealth Group LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 788 shares of the insurance provider’s stock, valued at approximately $208,000.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TRV shares. Barclays decreased their target price on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Evercore ISI increased their target price on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a report on Thursday, April 17th. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a report on Tuesday, April 8th. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the company an “equal weight” rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company boosted their target price on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a research note on Thursday, April 17th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $271.11.

Travelers Companies Price Performance

NYSE:TRV opened at $261.20 on Thursday. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $277.83. The company has a market cap of $58.99 billion, a P/E ratio of 12.17, a P/E/G ratio of 4.65 and a beta of 0.53. The firm’s fifty day moving average price is $262.99 and its two-hundred day moving average price is $254.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same period in the prior year, the firm posted $4.69 EPS. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s payout ratio is 23.95%.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 20,286 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the transaction, the chief executive officer now owns 262,329 shares in the company, valued at approximately $71,820,433.62. This trade represents a 11.91% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 163,869 shares of company stock valued at $44,868,201. Corporate insiders own 1.46% of the company’s stock.

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.