Founders Financial Securities LLC Increases Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Founders Financial Securities LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 5.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,817 shares of the insurance provider’s stock after buying an additional 417 shares during the period. Founders Financial Securities LLC’s holdings in Travelers Companies were worth $2,029,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Northwest Financial Advisors acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $32,000. Opal Wealth Advisors LLC purchased a new position in Travelers Companies during the first quarter worth $42,000. MCF Advisors LLC raised its holdings in shares of Travelers Companies by 53.8% in the first quarter. MCF Advisors LLC now owns 203 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 71 shares during the last quarter. Private Wealth Management Group LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $39,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the fourth quarter valued at $40,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Down 1.7 %

Shares of NYSE TRV traded down $3.61 during midday trading on Friday, reaching $203.34. 2,390,759 shares of the company’s stock were exchanged, compared to its average volume of 1,290,044. 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 52-week low of $157.33 and a 52-week high of $232.75. The business’s fifty day moving average price is $212.47 and its two-hundred day moving average price is $211.52. The stock has a market capitalization of $46.56 billion, a PE ratio of 15.11, a price-to-earnings-growth ratio of 1.08 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data 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%. Travelers Companies’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.11 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.59 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were issued a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.07%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday. Keefe, Bruyette & Woods dropped their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. UBS Group cut their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Finally, TD Cowen decreased their price target on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $221.12.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were 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 owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the 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 sale, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,298,106. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 in the last ninety days. 1.33% of the stock is owned by insiders.

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.