Virtu Financial LLC Buys 6,745 Shares of The Travelers Companies, Inc. $TRV

Virtu Financial LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 590.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,887 shares of the insurance provider’s stock after purchasing an additional 6,745 shares during the quarter. Virtu Financial LLC’s holdings in Travelers Companies were worth $2,287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Cim LLC lifted its stake in Travelers Companies by 0.4% in the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after acquiring an additional 34 shares during the last quarter. Haverford Trust Co increased its stake in shares of Travelers Companies by 0.7% during the 4th quarter. Haverford Trust Co now owns 5,210 shares of the insurance provider’s stock worth $1,511,000 after purchasing an additional 35 shares during the last quarter. Sumitomo Life Insurance Co. increased its stake in shares of Travelers Companies by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 5,236 shares of the insurance provider’s stock worth $1,519,000 after purchasing an additional 35 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Travelers Companies by 1.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock valued at $541,000 after purchasing an additional 36 shares during the period. Finally, 111 Capital raised its holdings in shares of Travelers Companies by 3.0% in the 4th quarter. 111 Capital now owns 1,223 shares of the insurance provider’s stock valued at $355,000 after purchasing an additional 36 shares during the period. 82.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TRV shares. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Wells Fargo & Company raised their price objective on Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research report on Thursday, April 9th. Piper Sandler lifted their target price on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods boosted 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. Finally, Barclays cut Travelers Companies from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $331.00 to $295.00 in a research note on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $309.07.

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of the company’s stock in a transaction on 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 approximately $1,607,678.10. This represents a 35.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is owned by company insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $307.48 on Friday. The company has a market capitalization of $65.38 billion, a price-to-earnings ratio of 9.15, a PEG ratio of 2.78 and a beta of 0.48. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12. The stock’s 50 day moving average is $301.35 and its 200-day moving average is $294.99.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same period last year, the firm earned $1.91 earnings per share. Travelers Companies’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is 14.88%.

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.