FORM Wealth Advisors LLC Makes New $246,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

FORM Wealth Advisors LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 930 shares of the insurance provider’s stock, valued at approximately $246,000.

Several other institutional investors also recently added to or reduced their stakes in TRV. Putney Financial Group LLC bought a new position in Travelers Companies in the 4th quarter worth approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $26,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $30,000. Wood Tarver Financial Group LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $33,000. Finally, Generali Investments Management Co LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $37,000. 82.45% of the stock is owned by institutional investors.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the sale, the insider now owns 255,086 shares in the company, valued at approximately $70,021,107. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Maria Olivo sold 36,199 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the sale, the executive vice president now owns 118,116 shares of the company’s stock, valued at $32,387,407.20. This represents a 23.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TRV shares. UBS Group lowered their price objective on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Barclays decreased their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an “equal weight” rating in a research note on Monday, May 19th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. Finally, Hsbc Global Res lowered Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Three equities research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $271.11.

Travelers Companies Trading Up 1.0%

Shares of TRV opened at $267.59 on Tuesday. 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 12-month low of $200.21 and a 12-month high of $277.83. The firm has a market capitalization of $60.44 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53. The stock’s fifty day simple moving average is $266.53 and its 200-day simple moving average is $254.18.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same quarter in the prior year, the firm posted $4.69 earnings per share. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed 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. This represents a $4.40 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is currently 23.95%.

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.