Patrick M Sweeney & Associates Inc. Buys New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Patrick M Sweeney & Associates Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, Holdings Channel reports. The firm acquired 1,586 shares of the insurance provider’s stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dynamic Advisor Solutions LLC boosted its holdings 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 buying an additional 7,649 shares in the last quarter. Worth Asset Management LLC acquired a new stake in shares of Travelers Companies during the fourth quarter worth about $2,201,000. Nordea Investment Management AB lifted its holdings in shares of Travelers Companies by 7.2% in the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after purchasing an additional 16,580 shares during the last quarter. DNB Asset Management AS boosted its position in shares of Travelers Companies by 53.5% in the 4th quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after purchasing an additional 24,230 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in Travelers Companies by 25.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 92,045 shares of the insurance provider’s stock worth $17,534,000 after buying an additional 18,485 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock valued at $3,980,827 over the last 90 days. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Trading Up 0.5 %

Shares of NYSE TRV traded up $1.06 during trading on Tuesday, hitting $216.97. 576,136 shares of the company traded hands, compared to its average volume of 1,462,497. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $49.68 billion, a P/E ratio of 16.12, a P/E/G ratio of 1.11 and a beta of 0.60. The company has a 50-day moving average price of $220.64 and a 200-day moving average price of $201.34. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75.

Travelers Companies (NYSE:TRV) last issued 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). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the previous year, the firm posted $4.11 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post 17.71 EPS 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 issued 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 of this dividend is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 1.94%. Travelers Companies’s payout ratio is presently 29.72%.

Analyst Upgrades and Downgrades

TRV has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a report on Monday, April 8th. UBS Group dropped their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Royal Bank of Canada decreased 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. Raymond James boosted their price target on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research report on Monday, January 22nd. Finally, Keefe, Bruyette & Woods decreased their price objective on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $223.47.

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.