The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. grew its position in The Travelers Companies, Inc. (NYSE:TRVFree Report) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 117,195 shares of the insurance provider’s stock after acquiring an additional 2,373 shares during the period. Braun Stacey Associates Inc.’s holdings in Travelers Companies were worth $22,325,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its stake in shares of Travelers Companies by 0.8% in the second quarter. State Street Corp now owns 15,939,925 shares of the insurance provider’s stock worth $2,768,127,000 after buying an additional 127,413 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Travelers Companies by 15.8% in the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares in the last quarter. Northern Trust Corp lifted its position in shares of Travelers Companies by 0.9% in the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after acquiring an additional 29,989 shares in the last quarter. Morgan Stanley lifted its position in shares of Travelers Companies by 19.6% in the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after acquiring an additional 539,294 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Travelers Companies by 4.3% in the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after acquiring an additional 95,153 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on TRV. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $194.00 to $215.00 and gave the company a “market perform” rating in a report on Monday, January 22nd. Janney Montgomery Scott began coverage on Travelers Companies in a report on Wednesday, December 20th. They issued a “buy” rating and a $215.00 price target for the company. StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, March 29th. UBS Group increased their price target on Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a report on Tuesday, January 23rd. Finally, Royal Bank of Canada increased their price target on Travelers Companies from $185.00 to $210.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $203.69.

View Our Latest Stock Report on TRV

Travelers Companies Trading Up 0.5 %

Shares of NYSE TRV opened at $229.06 on Thursday. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $230.87. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $219.78 and a 200-day simple moving average of $192.28. The stock has a market capitalization of $52.48 billion, a PE ratio of 17.91, a PEG ratio of 1.19 and a beta of 0.58.

Travelers Companies (NYSE:TRVGet Free Report) last issued its quarterly earnings data on Friday, January 19th. The insurance provider reported $7.01 earnings per share for the quarter, beating analysts’ consensus estimates of $5.10 by $1.91. The business had revenue of $10.93 billion during the quarter, compared to analysts’ expectations of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The company’s revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm posted $3.40 earnings per share. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.7 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were issued a $1.00 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $4.00 dividend on an annualized basis and a yield of 1.75%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.27%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 4,500 shares of Travelers Companies stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,878,580.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Vice Chairman William H. Heyman sold 4,500 shares of Travelers Companies stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,878,580.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 109,775 shares of company stock worth $23,343,903. Company insiders own 1.29% of the company’s stock.

About Travelers Companies

(Free Report)

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.

Further Reading

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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