Transcend Capital Advisors LLC Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Transcend Capital Advisors LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 7.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,627 shares of the insurance provider’s stock after purchasing an additional 179 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Travelers Companies were worth $500,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of TRV. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Travelers Companies by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock worth $18,217,000 after buying an additional 1,600 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Travelers Companies by 124.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after acquiring an additional 7,649 shares during the last quarter. Worth Asset Management LLC acquired a new stake in Travelers Companies during the 4th quarter worth about $2,201,000. Nordea Investment Management AB grew its stake in Travelers Companies by 7.2% during the 4th quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after purchasing an additional 16,580 shares during the last quarter. Finally, DNB Asset Management AS increased its holdings in shares of Travelers Companies by 53.5% in the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after purchasing an additional 24,230 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

NYSE TRV opened at $212.85 on Tuesday. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The stock has a 50-day moving average of $221.41 and a 200 day moving average of $199.28. The stock has a market capitalization of $48.74 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.11 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last announced its 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 for the quarter, compared to analyst estimates of $10.62 billion. During the same period in the previous year, the company earned $4.11 earnings per share. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.97%. 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. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRV. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday. Keefe, Bruyette & Woods dropped their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Jefferies Financial Group reduced their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. Finally, Royal Bank of Canada decreased their target price on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $223.47.

Insider Activity

In related news, EVP David Donnay Rowland sold 10,181 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $214.00, for a total transaction of $2,178,734.00. Following the completion of the transaction, the executive vice president now owns 7,865 shares in the company, valued at approximately $1,683,110. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP David Donnay Rowland sold 10,181 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $214.00, for a total transaction of $2,178,734.00. Following the completion of the sale, the executive vice president now directly owns 7,865 shares in the company, valued at $1,683,110. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the 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 owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold a total of 67,681 shares of company stock worth $14,427,504 over the last 90 days. 1.33% of the stock is currently owned by company insiders.

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.