TCG Advisory Services LLC Has $512,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

TCG Advisory Services LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 85.9% during the fourth quarter, HoldingsChannel reports. The fund owned 2,690 shares of the insurance provider’s stock after purchasing an additional 1,243 shares during the quarter. TCG Advisory Services LLC’s holdings in Travelers Companies were worth $512,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. First Command Advisory Services Inc. acquired a new position in Travelers Companies during the third quarter worth $26,000. AM Squared Ltd grew its holdings in Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 100 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $40,000. OLD Second National Bank of Aurora acquired a new stake in shares of Travelers Companies in the fourth quarter worth $41,000. Finally, Independence Bank of Kentucky acquired a new position in Travelers Companies in the 4th quarter valued at $47,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

Shares of NYSE TRV traded down $0.52 during midday trading on Friday, reaching $213.85. 1,298,445 shares of the company traded hands, compared to its average volume of 1,525,222. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. 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 stock’s 50-day simple moving average is $220.82 and its 200-day simple moving average is $200.58. The firm has a market cap of $48.97 billion, a PE ratio of 15.89, a PEG ratio of 1.11 and a beta of 0.60.

Travelers Companies (NYSE:TRV) last posted its earnings results 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). The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.11 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.71 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is currently 29.72%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TRV. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research note on Sunday. Roth Mkm reiterated a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. Morgan Stanley raised their price objective on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Royal Bank of Canada cut their target price on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group raised their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $223.47.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the 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 transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now owns 14,810 shares in the company, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock valued at $12,057,727 over the last quarter. Corporate insiders own 1.33% of the company’s stock.

About Travelers Companies

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.