Penobscot Investment Management Company Inc. Has $3.57 Million Position in The Travelers Companies, Inc. (NYSE:TRV)

Penobscot Investment Management Company Inc. raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,720 shares of the insurance provider’s stock after acquiring an additional 628 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Travelers Companies were worth $3,566,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Clearbridge Investments LLC increased its position in Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after acquiring an additional 623,974 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in Travelers Companies by 1,826.3% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after buying an additional 486,098 shares during the period. International Assets Investment Management LLC increased its holdings in Travelers Companies by 19,918.1% in the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after buying an additional 473,453 shares during the period. Assenagon Asset Management S.A. increased its holdings in Travelers Companies by 940.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 355,366 shares of the insurance provider’s stock valued at $58,035,000 after buying an additional 321,198 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Travelers Companies by 57.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 626,172 shares of the insurance provider’s stock valued at $102,260,000 after buying an additional 229,071 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TRV shares. UBS Group reduced their target price on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Roth Mkm reiterated a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. Jefferies Financial Group reduced their price target on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a research report on Friday, April 19th. Raymond James upped their price target on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Finally, JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $223.47.

Travelers Companies Stock Down 0.4 %

Shares of NYSE TRV traded down $0.86 during trading hours on Tuesday, hitting $212.04. The company had a trading volume of 451,956 shares, compared to its average volume of 1,482,537. The stock has a market capitalization of $48.56 billion, a P/E ratio of 15.81, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The firm’s 50 day moving average is $221.41 and its 200-day moving average is $199.28.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $4.11 EPS. On average, analysts expect that The Travelers Companies, Inc. will post 17.74 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 Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. This represents a $4.20 annualized dividend and a yield of 1.98%. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Insiders Place Their Bets

In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $215.06, for a total transaction of $967,770.00. Following the transaction, the insider now owns 255,178 shares in the company, valued at approximately $54,878,580.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Daniel S. Frey sold 38,000 shares of the firm’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 4,500 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares in the company, valued at $54,878,580.68. The disclosure for this sale can be found here. Insiders have sold 67,681 shares of company stock worth $14,427,504 in the last 90 days. Company insiders own 1.33% of the company’s stock.

Travelers Companies Profile

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.