Union Savings Bank purchased a new position in The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the 4th quarter, Holdings Channel reports. The fund purchased 3,447 shares of the insurance provider’s stock, valued at approximately $1,000,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after purchasing an additional 110,311 shares in the last quarter. State Street Corp raised its holdings in Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the period. Morgan Stanley lifted its position in Travelers Companies by 2.3% during the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after purchasing an additional 85,298 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Travelers Companies by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,361,112 shares of the insurance provider’s stock valued at $974,993,000 after purchasing an additional 81,497 shares during the period. Finally, Norges Bank bought a new stake in Travelers Companies during the fourth quarter valued at about $723,339,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Travelers Companies Price Performance
NYSE:TRV opened at $307.48 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The business’s 50-day simple moving average is $301.35 and its two-hundred day simple moving average is $294.99. The stock has a market cap of $65.38 billion, a PE ratio of 9.15, a P/E/G ratio of 2.78 and a beta of 0.48. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12.
Travelers Companies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is presently 14.88%.
Analysts Set New Price Targets
A number of brokerages have commented on TRV. Brean Capital initiated coverage on Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating for the company. Wells Fargo & Company boosted their price objective on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Finally, Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $309.07.
View Our Latest Report on Travelers Companies
Insider Buying and Selling
In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the transaction, the insider directly owned 259,590 shares in the company, valued at $80,639,037.60. This represents a 0.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,573 shares of company stock worth $11,504,146 in the last quarter. 1.39% of the stock is owned by insiders.
Travelers Companies Profile
The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.
On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.
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