PUREfi Wealth LLC Acquires New Shares in The Travelers Companies, Inc. (NYSE:TRV)

PUREfi Wealth LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 1st quarter, Holdings Channel reports. The firm acquired 1,633 shares of the insurance provider’s stock, valued at approximately $432,000.

Other hedge funds have also recently bought and sold shares of the company. Yoffe Investment Management LLC purchased a new position in Travelers Companies in the 4th quarter valued at approximately $1,202,000. Erste Asset Management GmbH increased its position in Travelers Companies by 1.0% during the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock worth $2,414,000 after buying an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Travelers Companies by 43.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock worth $38,343,000 after buying an additional 47,985 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Travelers Companies by 16.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock worth $5,122,000 after buying an additional 3,046 shares in the last quarter. Finally, Banco Santander S.A. increased its position in Travelers Companies by 2.3% during the fourth quarter. Banco Santander S.A. now owns 66,689 shares of the insurance provider’s stock worth $16,065,000 after buying an additional 1,494 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 15,180 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $272.87, for a total value of $4,142,166.60. Following the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,657,685.25. This trade represents a 71.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the transaction, the insider now owns 255,086 shares in the company, valued at $70,021,107. The trade was a 0.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TRV shares. Jefferies Financial Group raised their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $290.00 to $303.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 28th. JPMorgan Chase & Co. raised their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 8th. Finally, Wall Street Zen raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Three 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $271.11.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $264.36 on Wednesday. The company has a market cap of $59.71 billion, a P/E ratio of 14.39, a P/E/G ratio of 3.88 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $277.83. The business has a fifty day simple moving average of $265.06 and a 200-day simple moving average of $254.14.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share 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 last year, the firm earned $4.69 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $1.10 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.66%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio (DPR) is presently 23.95%.

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.