Telos Capital Management Inc. Raises Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Telos Capital Management Inc. boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 53,167 shares of the insurance provider’s stock after buying an additional 725 shares during the period. Travelers Companies accounts for approximately 1.2% of Telos Capital Management Inc.’s holdings, making the stock its 23rd biggest position. Telos Capital Management Inc.’s holdings in Travelers Companies were worth $10,128,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in shares of Travelers Companies during the 4th quarter valued at about $239,875,000. Barclays PLC boosted its holdings in shares of Travelers Companies by 215.5% during the 2nd quarter. Barclays PLC now owns 917,756 shares of the insurance provider’s stock valued at $159,378,000 after purchasing an additional 626,837 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in shares of 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 purchasing an additional 623,974 shares during the last quarter. Morgan Stanley boosted its holdings in shares of Travelers Companies by 19.6% during the 4th quarter. Morgan Stanley now owns 3,284,693 shares of the insurance provider’s stock valued at $615,847,000 after purchasing an additional 539,294 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of 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 purchasing an additional 486,098 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 7.5 %

Shares of NYSE:TRV traded down $16.80 during trading on Wednesday, reaching $206.32. 3,543,528 shares of the company were exchanged, compared to its average volume of 1,462,816. The firm has a market capitalization of $47.27 billion, a PE ratio of 16.13, a P/E/G ratio of 1.16 and a beta of 0.58. The business’s fifty day simple moving average is $222.02 and its 200-day simple moving average is $196.10. 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 current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, January 19th. The insurance provider reported $7.01 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 analyst estimates of $10.18 billion. Travelers Companies had a net margin of 7.23% and a return on equity of 13.68%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period last year, the company posted $3.40 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.62 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Thursday, March 7th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.27%.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Paul E. Munson sold 2,121 shares of Travelers Companies stock in a transaction that occurred 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 transaction, 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 a total of 109,775 shares of company stock valued at $23,343,903 over the last ninety days. 1.33% of the stock is owned by company insiders.

Analysts Set New Price Targets

TRV has been the subject of several research reports. Royal Bank of Canada increased their price objective on shares of Travelers Companies from $185.00 to $210.00 and gave the company a “sector perform” rating in a report on Monday, January 22nd. Morgan Stanley increased their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Friday, March 29th. The Goldman Sachs Group increased their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $215.00 to $241.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.