Blue Trust Inc. Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Blue Trust Inc. boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,214 shares of the insurance provider’s stock after purchasing an additional 228 shares during the period. Blue Trust Inc.’s holdings in Travelers Companies were worth $1,379,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in shares of Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after acquiring an additional 2,466,098 shares during the period. Norges Bank purchased a new position in Travelers Companies in the fourth quarter worth about $560,918,000. GAMMA Investing LLC grew its stake in shares of Travelers Companies by 31,132.9% during the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock valued at $582,733,000 after purchasing an additional 2,196,426 shares during the period. Balyasny Asset Management L.P. increased its position in shares of Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock valued at $360,694,000 after purchasing an additional 907,266 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $138,619,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP David Donnay Rowland sold 12,069 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.01, for a total transaction of $3,307,026.69. Following the completion of the transaction, the executive vice president now owns 11,731 shares in the company, valued at $3,214,411.31. This trade represents a 50.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the sale, the chief executive officer now directly owns 262,329 shares in the company, valued at approximately $71,820,433.62. The trade was a 11.91% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is currently owned by insiders.

Travelers Companies Trading Up 0.2%

Shares of TRV opened at $264.93 on Friday. The firm has a market cap of $59.84 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 3.87 and a beta of 0.53. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.83. The company has a 50 day simple moving average of $265.78 and a two-hundred day simple moving average of $254.22.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. The firm had revenue of $10.52 billion during the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same quarter in the prior year, the business earned $4.69 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 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 Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $1.10 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date 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 (DPR) is presently 23.95%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Hsbc Global Res downgraded shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 17th. Evercore ISI boosted their price objective on shares of Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a research report on Thursday, April 17th. Jefferies Financial Group raised their target price on Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Finally, Wall Street Zen upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $271.11.

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.