Xponance Inc. Purchases 399 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Xponance Inc. boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,756 shares of the insurance provider’s stock after purchasing an additional 399 shares during the quarter. Xponance Inc.’s holdings in Travelers Companies were worth $5,668,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. lifted its position in shares of Travelers Companies by 1.5% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock valued at $18,217,000 after acquiring an additional 1,600 shares during the period. Dynamic Advisor Solutions LLC lifted its position in shares of Travelers Companies by 124.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after acquiring an additional 7,649 shares during the period. Worth Asset Management LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $2,201,000. Nordea Investment Management AB lifted its position in shares of Travelers Companies by 7.2% during the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after acquiring an additional 16,580 shares during the period. Finally, DNB Asset Management AS lifted its position in shares of Travelers Companies by 53.5% during the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after acquiring an additional 24,230 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRV. Morgan Stanley boosted their price target on Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. Keefe, Bruyette & Woods lowered their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday. Roth Mkm reaffirmed a “buy” rating and issued a $240.00 target price on shares of Travelers Companies in a report on Thursday. UBS Group upped their target price on Travelers Companies from $205.00 to $225.00 and gave the stock a “neutral” rating in a report on Tuesday, January 23rd. Finally, Jefferies Financial Group lowered their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $220.78.

Travelers Companies Trading Up 1.7 %

Shares of TRV stock opened at $213.99 on Friday. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year 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 stock has a 50-day moving average of $221.79 and a 200-day moving average of $196.63. The stock has a market cap of $49.00 billion, a price-to-earnings ratio of 15.90, a PEG ratio of 1.10 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter in the previous year, the company earned $4.11 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.66 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. Travelers Companies’s dividend payout ratio is presently 29.72%.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 12,287 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the sale, the executive vice president now owns 14,080 shares in the company, valued at approximately $2,966,374.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 12,287 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $210.68, for a total value of $2,588,625.16. Following the transaction, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Paul E. Munson sold 2,121 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the completion of the transaction, the senior vice president now owns 719 shares in the company, valued at approximately $153,046.34. The disclosure for this sale can be found here. Insiders have sold a total of 109,775 shares of company stock worth $23,343,903 in the last 90 days. Corporate 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.