EdgeRock Capital LLC Acquires Shares of 266 The Travelers Companies, Inc. (NYSE:TRV)

EdgeRock Capital LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 266 shares of the insurance provider’s stock, valued at approximately $51,000.

A number of other institutional investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its position in shares of Travelers Companies by 11.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 73,560 shares of the insurance provider’s stock valued at $12,013,000 after acquiring an additional 7,811 shares during the period. Brown Advisory Inc. grew its position in shares of Travelers Companies by 0.7% during the 3rd quarter. Brown Advisory Inc. now owns 35,410 shares of the insurance provider’s stock valued at $5,783,000 after acquiring an additional 232 shares during the period. IFM Investors Pty Ltd grew its position in shares of Travelers Companies by 4.4% during the 3rd quarter. IFM Investors Pty Ltd now owns 48,166 shares of the insurance provider’s stock valued at $7,866,000 after acquiring an additional 2,052 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Travelers Companies by 2.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 71,310 shares of the insurance provider’s stock valued at $11,667,000 after acquiring an additional 1,385 shares during the period. Finally, Advisor Partners II LLC boosted its holdings in Travelers Companies by 12.6% in the 3rd quarter. Advisor Partners II LLC now owns 21,099 shares of the insurance provider’s stock worth $3,446,000 after buying an additional 2,359 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value 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 filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the 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 transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,635 shares of company stock valued at $3,980,827. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 0.2 %

Shares of TRV stock traded up $0.37 on Wednesday, reaching $217.34. 595,242 shares of the stock were exchanged, compared to its average volume of 1,452,786. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a market capitalization of $49.77 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.11 and a beta of 0.60. The business’s 50 day moving average price is $220.64 and its 200 day moving average price is $201.34.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the prior year, the company earned $4.11 EPS. The business’s revenue was up 15.7% on a year-over-year basis. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.71 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.93%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio is presently 29.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Oppenheimer reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Evercore ISI lowered their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Citigroup lifted their price objective on Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Raymond James boosted their target price on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $223.47.

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.