Vestor Capital LLC Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Vestor Capital LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 393 shares of the insurance provider’s stock after acquiring an additional 65 shares during the period. Vestor Capital LLC’s holdings in Travelers Companies were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Clearbridge Investments LLC boosted its stake in Travelers Companies by 15.8% in the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after purchasing an additional 623,974 shares during the period. Northern Trust Corp boosted its position in shares of Travelers Companies by 0.9% during the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock worth $560,451,000 after acquiring an additional 29,989 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Travelers Companies by 2.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock valued at $273,529,000 after acquiring an additional 40,114 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Travelers Companies by 7.2% in the 3rd quarter. Hsbc Holdings PLC now owns 989,962 shares of the insurance provider’s stock valued at $162,157,000 after acquiring an additional 66,508 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in Travelers Companies by 18.3% in the 4th quarter. California Public Employees Retirement System now owns 936,058 shares of the insurance provider’s stock valued at $178,310,000 after acquiring an additional 144,566 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 1.0 %

TRV stock traded up $2.08 during trading on Thursday, hitting $219.42. The company had a trading volume of 1,018,517 shares, compared to its average volume of 1,447,996. The firm has a market capitalization of $50.25 billion, a P/E ratio of 16.30, a PEG ratio of 1.11 and a beta of 0.60. 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 Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The company has a 50 day simple moving average of $220.58 and a 200-day simple moving average of $201.45.

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 net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the firm posted $4.11 EPS. The business’s revenue was up 15.7% on a year-over-year basis. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.71 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 1.91%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on 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 owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer now directly 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 accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s 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 sale, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,635 shares of company stock worth $3,980,827. Company insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI cut their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, April 18th. Royal Bank of Canada reduced their price objective on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 18th. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Sunday. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $223.47.

Travelers Companies 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.