DAGCO Inc. decreased its position in The Travelers Companies, Inc. (NYSE:TRV) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,511 shares of the insurance provider’s stock after selling 590 shares during the quarter. DAGCO Inc.’s holdings in The Travelers Companies were worth $1,581,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Venture Visionary Partners LLC bought a new stake in shares of The Travelers Companies in the 4th quarter worth $650,000. Palmer Knight Co lifted its position in shares of The Travelers Companies by 26.7% during the 1st quarter. Palmer Knight Co now owns 50,757 shares of the insurance provider’s stock worth $7,634,000 after purchasing an additional 10,702 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of The Travelers Companies by 3.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 64,777 shares of the insurance provider’s stock worth $9,093,000 after purchasing an additional 2,424 shares during the last quarter. Bard Financial Services Inc. acquired a new position in The Travelers Companies in the 4th quarter valued at approximately $931,000. Finally, Telos Capital Management Inc. raised its holdings in shares of The Travelers Companies by 2.9% in the 4th quarter. Telos Capital Management Inc. now owns 45,005 shares of the insurance provider’s stock worth $6,317,000 after buying an additional 1,251 shares in the last quarter. Institutional investors own 81.82% of the company’s stock.

TRV has been the topic of a number of research analyst reports. Zacks Investment Research upgraded The Travelers Companies from a “sell” rating to a “hold” rating and set a $165.00 price target on the stock in a research report on Thursday, April 22nd. Morgan Stanley raised their price objective on The Travelers Companies from $154.00 to $166.00 and gave the stock an “underweight” rating in a research note on Wednesday, April 28th. Argus raised their price objective on The Travelers Companies from $138.00 to $156.00 and gave the company a “buy” rating in a report on Monday, January 25th. MKM Partners lifted their price target on The Travelers Companies from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, March 18th. Finally, Credit Suisse Group boosted their price objective on The Travelers Companies from $142.00 to $153.00 and gave the stock a “neutral” rating in a report on Thursday, April 1st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $153.25.

In other news, Vice Chairman William H. Heyman sold 4,500 shares of the firm’s stock in a transaction on Wednesday, February 24th. The shares were sold at an average price of $150.50, for a total transaction of $677,250.00. Following the sale, the insider now owns 248,261 shares in the company, valued at approximately $37,363,280.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 23,230 shares of the firm’s stock in a transaction on Wednesday, February 10th. The shares were sold at an average price of $146.25, for a total transaction of $3,397,387.50. Over the last ninety days, insiders sold 110,194 shares of company stock valued at $16,830,409. 0.80% of the stock is owned by insiders.

NYSE:TRV traded up $0.38 on Tuesday, hitting $156.97. The stock had a trading volume of 5,424 shares, compared to its average volume of 1,401,930. The Travelers Companies, Inc. has a 1 year low of $85.10 and a 1 year high of $161.18. The firm’s fifty day simple moving average is $153.53 and its two-hundred day simple moving average is $141.96. The stock has a market cap of $39.47 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 2.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.39 and a current ratio of 0.39.

The Travelers Companies (NYSE:TRV) last released its earnings results on Monday, April 19th. The insurance provider reported $2.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.36. The Travelers Companies had a net margin of 7.13% and a return on equity of 8.63%. The firm had revenue of $7.39 billion during the quarter, compared to the consensus estimate of $7.45 billion. During the same period in the prior year, the firm earned $2.62 EPS. The company’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts predict that The Travelers Companies, Inc. will post 8.54 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Thursday, June 10th will be issued a $0.88 dividend. The ex-dividend date is Wednesday, June 9th. This is an increase from The Travelers Companies’s previous quarterly dividend of $0.85. This represents a $3.52 annualized dividend and a yield of 2.24%. The Travelers Companies’s dividend payout ratio (DPR) is 35.42%.

The Travelers Companies announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the insurance provider to buy up to 12.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

About The Travelers Companies

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.

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Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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