Oakworth Capital Inc. Grows Stake in The Travelers Companies, Inc. (NYSE:TRV)

Oakworth Capital Inc. increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 47.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,407 shares of the insurance provider’s stock after purchasing an additional 456 shares during the quarter. Oakworth Capital Inc.’s holdings in Travelers Companies were worth $268,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. First Command Advisory Services Inc. acquired a new position in shares of Travelers Companies during the 3rd quarter worth $26,000. Arlington Trust Co LLC acquired a new stake in Travelers Companies in the 3rd quarter valued at about $27,000. FWL Investment Management LLC purchased a new position in Travelers Companies during the 4th quarter valued at about $28,000. Quarry LP purchased a new position in Travelers Companies during the 1st quarter valued at about $31,000. Finally, AM Squared Ltd raised its position in Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 100 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TRV shares. Raymond James upped their target price on Travelers Companies from $220.00 to $245.00 and gave the company a “strong-buy” rating in a research note on Monday, January 22nd. Royal Bank of Canada upped their price objective on Travelers Companies from $185.00 to $210.00 and gave the company a “sector perform” rating in a research report on Monday, January 22nd. StockNews.com upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, March 29th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $215.00 to $241.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $217.00.

Travelers Companies Stock Performance

NYSE:TRV opened at $206.58 on Thursday. The company has a market cap of $47.33 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.17 and a beta of 0.58. The firm’s 50 day moving average is $221.87 and its two-hundred day moving average is $196.17. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the previous year, the company earned $4.11 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 17.64 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed 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 2.03%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is 31.27%.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 26,633 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total transaction of $5,666,437.08. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.86, for a total value of $451,476.06. Following the transaction, the senior vice president now directly owns 719 shares of the company’s stock, valued at $153,046.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 26,633 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The disclosure for this sale can be found here. Insiders have sold 109,775 shares of company stock valued at $23,343,903 in the last three months. Corporate insiders own 1.33% of the company’s stock.

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.