1,287 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Skopos Labs Inc.

Skopos Labs Inc. purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,287 shares of the insurance provider’s stock, valued at approximately $245,000.

A number of other hedge funds have also bought and sold shares of TRV. Johnson Investment Counsel Inc. grew its stake in Travelers Companies by 29.0% during the fourth quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock worth $879,000 after buying an additional 1,037 shares in the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of Travelers Companies by 124.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after purchasing an additional 7,649 shares in the last quarter. Worth Asset Management LLC acquired a new stake in Travelers Companies during the 4th quarter worth approximately $2,201,000. Nordea Investment Management AB boosted its position in Travelers Companies by 7.2% during the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock worth $46,919,000 after buying an additional 16,580 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Travelers Companies by 3.8% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 342,005 shares of the insurance provider’s stock worth $65,426,000 after buying an additional 12,597 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Travelers Companies stock traded up $1.09 during midday trading on Friday, reaching $213.33. The stock had a trading volume of 649,983 shares, compared to its average volume of 1,041,232. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The firm’s 50-day moving average price is $219.73 and its 200 day moving average price is $205.74. The firm has a market capitalization of $48.85 billion, a PE ratio of 15.85, a P/E/G ratio of 1.10 and a beta of 0.60. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. 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 firm posted $4.11 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.85 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 1.97%. Travelers Companies’s dividend payout ratio is currently 29.72%.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. Roth Mkm restated a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. TD Cowen lowered their price objective on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. Finally, Evercore ISI lowered their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $222.65.

Insider Activity

In other news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The disclosure for this sale can be found here. Insiders have sold a total of 18,635 shares of company stock worth $3,980,827 over the last ninety days. Company insiders own 1.33% of the company’s stock.

Travelers Companies Company 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.