National Pension Service Raises Stake in The Travelers Companies, Inc. (NYSE:TRV)

National Pension Service lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 583,064 shares of the insurance provider’s stock after acquiring an additional 18,350 shares during the quarter. National Pension Service owned 0.26% of Travelers Companies worth $111,068,000 at the end of the most recent quarter.

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

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the sale, the chief financial officer now owns 18,515 shares in the company, valued at $3,941,843.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $3,980,827 over the last three months. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Stock Up 0.2 %

NYSE TRV traded up $0.37 during mid-day trading on Wednesday, reaching $217.34. The stock had a trading volume of 595,242 shares, compared to its average volume of 1,452,786. The stock has a market cap of $49.77 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The company has a fifty day moving average price of $220.64 and a 200 day moving average price of $201.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same quarter in the prior year, the firm earned $4.11 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently commented on TRV. The Goldman Sachs Group upped their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. Citigroup boosted their price target on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Keefe, Bruyette & Woods dropped their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. Finally, Morgan Stanley lifted their price objective on Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price 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.