MUFG Securities EMEA plc Purchases 4,836 Shares of The Travelers Companies, Inc. $TRV

MUFG Securities EMEA plc increased its position in The Travelers Companies, Inc. (NYSE:TRVFree Report) by 112.2% during the fourth quarter, Holdings Channel reports. The firm owned 9,145 shares of the insurance provider’s stock after buying an additional 4,836 shares during the quarter. MUFG Securities EMEA plc’s holdings in Travelers Companies were worth $2,653,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of TRV. Osterweis Capital Management Inc. raised its holdings in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in Travelers Companies in the 4th quarter valued at about $28,000. Entrust Financial LLC bought a new position in Travelers Companies in the 4th quarter valued at about $31,000. Navalign LLC bought a new position in Travelers Companies in the 4th quarter valued at about $35,000. Finally, eCIO Inc. bought a new position in Travelers Companies in the 4th quarter valued at about $37,000. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Cantor Fitzgerald increased their price target on shares of Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, February 2nd. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price target for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Evercore reissued an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a research report on Tuesday, May 26th. Finally, Roth Mkm restated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $311.47.

Read Our Latest Stock Analysis on Travelers Companies

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $289.28 on Tuesday. The company’s 50 day moving average price is $298.97 and its two-hundred day moving average price is $293.82. The firm has a market capitalization of $61.51 billion, a P/E ratio of 8.61, a P/E/G ratio of 2.63 and a beta of 0.50. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRVGet Free Report) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.91 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.7%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s dividend payout ratio is currently 14.88%.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the sale, the insider owned 259,590 shares of the company’s stock, valued at $80,639,037.60. The trade was a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,573 shares of company stock valued at $11,504,146 over the last 90 days. 1.39% of the stock is owned by company insiders.

About Travelers Companies

(Free Report)

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.

See Also

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRVFree Report).

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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