The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by PDS Planning Inc

PDS Planning Inc lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 28.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,649 shares of the insurance provider’s stock after purchasing an additional 369 shares during the period. PDS Planning Inc’s holdings in Travelers Companies were worth $314,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TRV. Clearbridge Investments LLC increased its holdings in Travelers Companies by 15.8% during the 3rd quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Travelers Companies by 1,826.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 512,714 shares of the insurance provider’s stock valued at $83,731,000 after acquiring an additional 486,098 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Travelers Companies by 19,918.1% during the 4th quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after acquiring an additional 473,453 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Travelers Companies by 940.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 355,366 shares of the insurance provider’s stock valued at $58,035,000 after acquiring an additional 321,198 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Travelers Companies by 57.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 626,172 shares of the insurance provider’s stock valued at $102,260,000 after acquiring an additional 229,071 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $214.35 on Wednesday. The company has a market cap of $49.08 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 1.12 and a beta of 0.58. 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 Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The firm has a 50 day moving average price of $221.75 and a 200 day moving average price of $197.84.

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

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. 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 payout ratio is 29.72%.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at $54,878,580.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the sale, the insider now directly owns 255,178 shares of the company’s stock, valued at approximately $54,878,580.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,734 shares of company stock valued at $14,637,364. Corporate insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Roth Mkm restated a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Morgan Stanley lifted their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. StockNews.com downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. The Goldman Sachs Group lifted their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Finally, UBS Group lowered their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.