Scissortail Wealth Management LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Scissortail Wealth Management LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 2,113 shares of the insurance provider’s stock, valued at approximately $446,000.

Other hedge funds also recently made changes to their positions in the company. Clearbridge Investments LLC lifted its stake in Travelers Companies by 15.8% during the third 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 last quarter. Northern Trust Corp lifted its stake in 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 purchasing an additional 29,989 shares during the last quarter. Morgan Stanley lifted its stake in Travelers Companies by 19.6% during the fourth quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock worth $615,847,000 after purchasing an additional 539,294 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Travelers Companies by 4.3% during the third quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock worth $373,286,000 after purchasing an additional 95,153 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Travelers Companies by 2.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock worth $257,853,000 after purchasing an additional 31,165 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.9 %

NYSE:TRV traded up $2.06 during trading hours on Wednesday, reaching $223.12. The company’s stock had a trading volume of 1,412,209 shares, compared to its average volume of 1,015,763. The company has a market capitalization of $51.12 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.16 and a beta of 0.58. 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 has a 50 day moving average price of $222.02 and a two-hundred day moving average price of $196.10.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $1.91. The business had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.18 billion. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The business’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.40 earnings per share. Equities analysts predict that The Travelers Companies, Inc. will post 17.62 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.27%.

Insider Activity

In other news, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the sale, the senior vice president now directly owns 719 shares of the company’s stock, valued at $153,046.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Paul E. Munson sold 2,121 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total transaction of $451,476.06. Following the completion of the sale, the senior vice president now directly owns 719 shares in the company, valued at $153,046.34. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock valued at $23,343,903 over the last ninety days. 1.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TRV shares. JPMorgan Chase & Co. lifted their price target on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Janney Montgomery Scott started coverage on Travelers Companies in a research note on Wednesday, December 20th. They issued a “buy” rating and a $215.00 target price for the company. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $215.00 to $241.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th. UBS Group boosted their target price on Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research note on Tuesday, January 23rd. Finally, Evercore ISI boosted their target price on Travelers Companies from $230.00 to $253.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $217.00.

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.