The Travelers Companies, Inc. $TRV Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 175,484 shares of the insurance provider’s stock after acquiring an additional 2,143 shares during the period. HighTower Advisors LLC owned approximately 0.08% of Travelers Companies worth $50,901,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TRV. Brighton Jones LLC grew its holdings in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new position in Travelers Companies during the fourth quarter worth about $276,000. WINTON GROUP Ltd acquired a new position in Travelers Companies during the second quarter worth about $382,000. CIBC Asset Management Inc grew its holdings in Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after acquiring an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina grew its holdings in Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after acquiring an additional 2,117 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction dated 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 directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at $1,607,678.10. The trade was a 35.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,573 shares of company stock worth $8,427,646. Corporate insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRV. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Roth Mkm reiterated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Argus upgraded Travelers Companies to a “strong-buy” rating in a research report on Monday, January 26th. Cantor Fitzgerald increased their price target on Travelers Companies from $316.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, February 2nd. Finally, UBS Group reiterated a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $309.13.

Travelers Companies Trading Up 0.1%

NYSE:TRV opened at $307.42 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 Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12. The firm has a market capitalization of $65.37 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 2.77 and a beta of 0.50. The stock has a fifty day simple moving average of $299.30 and a 200 day simple moving average of $292.77.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same quarter last year, the company posted $1.91 EPS. Travelers Companies’s revenue for the quarter was down 1.7% on a year-over-year basis. Sell-side analysts forecast that The Travelers Companies, Inc. will post 28.03 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is 13.09%.

Travelers Companies Company 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.