The Travelers Companies, Inc. $TRV Shares Bought by Portside Wealth Group LLC

Portside Wealth Group LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 30.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,031 shares of the insurance provider’s stock after acquiring an additional 243 shares during the period. Portside Wealth Group LLC’s holdings in Travelers Companies were worth $276,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth $276,000. J.W. Cole Advisors Inc. increased its holdings in Travelers Companies by 15.7% in the first quarter. J.W. Cole Advisors Inc. now owns 5,734 shares of the insurance provider’s stock valued at $1,516,000 after buying an additional 778 shares during the last quarter. PFG Advisors raised its stake in Travelers Companies by 108.8% in the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after buying an additional 2,217 shares in the last quarter. Finally, KLP Kapitalforvaltning AS lifted its holdings in Travelers Companies by 2.8% during the 1st quarter. KLP Kapitalforvaltning AS now owns 79,779 shares of the insurance provider’s stock worth $21,098,000 after buying an additional 2,200 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of TRV opened at $285.33 on Thursday. The company has a market capitalization of $63.65 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $290.61. The firm has a 50-day simple moving average of $276.01 and a 200-day simple moving average of $270.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. The company had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The company’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $5.24 EPS. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s dividend payout ratio is presently 17.30%.

Insider Activity

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,195 shares of company stock worth $15,042,229 in the last ninety days. 1.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TRV shares. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Citigroup assumed coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $291.94.

About Travelers Companies

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.