Wealth Alliance Has $518,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Wealth Alliance boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,721 shares of the insurance provider’s stock after purchasing an additional 212 shares during the quarter. Wealth Alliance’s holdings in Travelers Companies were worth $518,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC boosted its holdings in Travelers Companies by 15.8% during the 3rd 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 last quarter. Northern Trust Corp raised its stake in shares of Travelers Companies by 0.9% during the 3rd quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock worth $560,451,000 after purchasing an additional 29,989 shares during the period. Morgan Stanley raised its stake in shares of Travelers Companies by 19.6% during the 4th quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock worth $615,847,000 after purchasing an additional 539,294 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Travelers Companies by 4.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock worth $373,286,000 after purchasing an additional 95,153 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Travelers Companies by 2.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock worth $257,853,000 after purchasing an additional 31,165 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 7.4 %

Shares of Travelers Companies stock opened at $206.58 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The stock has a market capitalization of $47.33 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 1.17 and a beta of 0.58. The company’s 50 day moving average price is $221.87 and its 200-day moving average price is $196.17.

Travelers Companies (NYSE:TRV) last issued 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 $4.74 by ($0.05). Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the prior year, the business posted $4.11 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.64 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be paid a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 2.03%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. HSBC lifted their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research note on Thursday, April 4th. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Evercore ISI upped their price objective on shares of Travelers Companies from $230.00 to $253.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. The Goldman Sachs Group upped their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. Finally, Royal Bank of Canada increased their price target on shares of Travelers Companies from $185.00 to $210.00 and gave the stock a “sector perform” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $217.00.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief financial officer now owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the firm’s 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 completion of the transaction, the insider now owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders sold 109,775 shares of company stock valued at $23,343,903 over the last quarter. 1.33% of the stock is owned by company insiders.

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.