The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Concord Wealth Partners

Concord Wealth Partners increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5,059.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,747 shares of the insurance provider’s stock after purchasing an additional 4,655 shares during the quarter. Concord Wealth Partners’ holdings in Travelers Companies were worth $904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Grimes & Company Inc. lifted its holdings in shares of Travelers Companies by 2.2% during the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock worth $461,000 after purchasing an additional 53 shares during the period. Slow Capital Inc. lifted its holdings in Travelers Companies by 0.3% in the fourth quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider’s stock valued at $3,451,000 after acquiring an additional 53 shares during the period. Hexagon Capital Partners LLC lifted its holdings in Travelers Companies by 25.5% in the fourth quarter. Hexagon Capital Partners LLC now owns 295 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 60 shares during the period. Schmidt P J Investment Management Inc. lifted its holdings in Travelers Companies by 4.0% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider’s stock valued at $339,000 after acquiring an additional 61 shares during the period. Finally, Farmers Trust Co. lifted its holdings in Travelers Companies by 4.5% in the fourth quarter. Farmers Trust Co. now owns 1,523 shares of the insurance provider’s stock valued at $290,000 after acquiring an additional 66 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $215.06, for a total value of $967,770.00. Following the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Insiders have sold 67,681 shares of company stock valued at $14,427,504 in the last quarter. Corporate insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of analyst reports. JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a report on Monday, April 8th. Jefferies Financial Group decreased their price target on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Finally, Morgan Stanley upped their target price on Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $223.47.

Travelers Companies Price Performance

TRV opened at $213.06 on Thursday. The stock’s 50-day moving average price is $221.12 and its 200 day moving average price is $199.71. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. 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 firm has a market cap of $48.79 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 1.10 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last posted its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.11 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.74 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 1.97%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

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.