Natixis Advisors LLC Acquires 6,266 Shares of The Travelers Companies, Inc. $TRV

Natixis Advisors LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 140,146 shares of the insurance provider’s stock after acquiring an additional 6,266 shares during the period. Natixis Advisors LLC’s holdings in Travelers Companies were worth $40,651,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in TRV. Root Financial Partners LLC grew its holdings in Travelers Companies by 17.1% during the 4th quarter. Root Financial Partners LLC now owns 972 shares of the insurance provider’s stock worth $282,000 after acquiring an additional 142 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Travelers Companies by 1.9% in the fourth quarter. New Mexico Educational Retirement Board now owns 10,478 shares of the insurance provider’s stock worth $3,039,000 after acquiring an additional 200 shares during the last quarter. SCS Capital Management LLC bought a new position in shares of Travelers Companies in the fourth quarter worth about $222,000. Peapack Gladstone Financial Corp lifted its position in shares of Travelers Companies by 1.4% during the fourth quarter. Peapack Gladstone Financial Corp now owns 24,487 shares of the insurance provider’s stock worth $7,103,000 after purchasing an additional 332 shares in the last quarter. Finally, Waterloo Capital L.P. grew its stake in shares of Travelers Companies by 24.6% during the fourth quarter. Waterloo Capital L.P. now owns 913 shares of the insurance provider’s stock valued at $265,000 after purchasing an additional 180 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TRV. Roth Mkm restated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Brean Capital started coverage on Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating for the company. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Finally, Bank of America decreased their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $311.47.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,557 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the transaction, the insider owned 259,590 shares of the company’s stock, valued at $80,639,037.60. This trade represents a 0.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Diane Kurtzman sold 2,867 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. This represents a 35.11% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is owned by company insiders.

Travelers Companies Price Performance

TRV opened at $289.98 on Thursday. The company has a fifty day moving average price of $298.78 and a two-hundred day moving average price of $293.89. The firm has a market capitalization of $61.66 billion, a PE ratio of 8.63, a P/E/G ratio of 2.63 and a beta of 0.48. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same period last year, the company earned $1.91 EPS. The firm’s revenue was down 1.7% on a year-over-year basis. As a group, analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.7%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.09%.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.