38,605 Shares in The Travelers Companies, Inc. $TRV Purchased by OP Asset Management Ltd

OP Asset Management Ltd purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, HoldingsChannel reports. The fund purchased 38,605 shares of the insurance provider’s stock, valued at approximately $11,260,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after buying an additional 387 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Travelers Companies during the 4th quarter valued at about $276,000. WINTON GROUP Ltd purchased a new stake in Travelers Companies in the second quarter worth approximately $382,000. CIBC Asset Management Inc raised its position in Travelers Companies by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after purchasing an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after buying an additional 2,117 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on TRV shares. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Brean Capital started coverage on Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating on the stock. Bank of America lowered their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Evercore reiterated an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Finally, JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $309.07.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 2,867 shares of the business’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $1,607,678.10. The trade was a 35.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the completion of the sale, the executive vice president directly owned 6,075 shares in the company, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,573 shares of company stock valued at $11,504,146 in the last ninety days. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 1.2%

Shares of NYSE TRV opened at $320.77 on Thursday. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $323.00. The stock has a market cap of $68.21 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 2.86 and a beta of 0.48. The firm has a 50-day moving average of $302.31 and a 200 day moving average of $295.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

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

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

Travelers Companies Company Profile

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.