Shulman DeMeo Asset Management LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Shulman DeMeo Asset Management LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,047 shares of the insurance provider’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRV. Vanguard Group Inc. boosted its holdings in Travelers Companies by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after purchasing an additional 148,012 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Travelers Companies by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after purchasing an additional 154,886 shares during the period. Norges Bank purchased a new stake in shares of Travelers Companies during the 4th quarter valued at $282,593,000. Charles Schwab Investment Management Inc. raised its stake in shares of Travelers Companies by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock worth $273,529,000 after purchasing an additional 40,114 shares during the period. Finally, Boston Partners boosted its holdings in shares of Travelers Companies by 42.5% in the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after buying an additional 355,489 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on 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 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 at this link. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was 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 directly owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock valued at $3,980,827 in the last ninety days. Company insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of several research reports. The Goldman Sachs Group lifted their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Roth Mkm reissued a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. TD Cowen lowered their target price on Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Citigroup upped their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Finally, JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $222.65.

Travelers Companies Trading Up 0.6 %

Shares of TRV traded up $1.22 during mid-day trading on Thursday, reaching $206.96. The company’s stock had a trading volume of 970,528 shares, compared to its average volume of 1,386,143. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The stock has a market cap of $47.39 billion, a PE ratio of 15.31, a P/E/G ratio of 1.10 and a beta of 0.62. The company’s fifty day moving average price is $212.76 and its two-hundred day moving average price is $211.21. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

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 return on equity of 13.94% and a net margin of 7.32%. The business had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. During the same period in the prior year, the firm earned $4.11 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts predict that The Travelers Companies, Inc. will post 17.59 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.03%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

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.