Grove Bank & Trust Acquires 92 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Grove Bank & Trust boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 14.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 736 shares of the insurance provider’s stock after buying an additional 92 shares during the quarter. Grove Bank & Trust’s holdings in Travelers Companies were worth $195,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Lake Street Advisors Group LLC increased its stake in shares of Travelers Companies by 2.0% during the fourth quarter. Lake Street Advisors Group LLC now owns 2,306 shares of the insurance provider’s stock valued at $555,000 after purchasing an additional 46 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Travelers Companies by 7.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 717 shares of the insurance provider’s stock worth $173,000 after acquiring an additional 47 shares during the period. Valmark Advisers Inc. raised its stake in Travelers Companies by 5.4% during the 4th quarter. Valmark Advisers Inc. now owns 940 shares of the insurance provider’s stock valued at $226,000 after buying an additional 48 shares during the last quarter. JT Stratford LLC lifted its holdings in Travelers Companies by 0.8% in the fourth quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider’s stock valued at $1,456,000 after acquiring an additional 49 shares during the period. Finally, Barden Capital Management Inc. grew its position in Travelers Companies by 1.1% during the first quarter. Barden Capital Management Inc. now owns 5,167 shares of the insurance provider’s stock valued at $1,366,000 after buying an additional 55 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TRV has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped 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. Evercore ISI increased their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. UBS Group reduced their price target on shares of Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the company an “equal weight” rating in a research report on Monday, May 19th. Finally, Hsbc Global Res cut shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $271.11.

Insiders Place Their Bets

In other news, EVP Jeffrey P. Klenk sold 15,180 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the transaction, the executive vice president now owns 6,075 shares of the company’s stock, valued at approximately $1,657,685.25. The trade was a 71.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Maria Olivo sold 36,199 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the completion of the transaction, the executive vice president now owns 118,116 shares in the company, valued at $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 163,869 shares of company stock worth $44,868,201. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Stock Performance

TRV opened at $264.36 on Wednesday. The firm’s 50-day moving average price is $265.06 and its 200-day moving average price is $254.14. The company has a market cap of $59.71 billion, a P/E ratio of 14.39, a price-to-earnings-growth 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.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same quarter in the previous year, the firm posted $4.69 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $1.10 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. 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 1.66%. Travelers Companies’s dividend payout ratio is presently 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.