Towneley Capital Management Inc DE Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

Towneley Capital Management Inc DE purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the first quarter, HoldingsChannel.com reports. The fund purchased 912 shares of the insurance provider’s stock, valued at approximately $241,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Yoffe Investment Management LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $1,202,000. Elevate Capital Advisors LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $4,627,000. Erste Asset Management GmbH raised its position in shares of Travelers Companies by 1.0% in the fourth quarter. Erste Asset Management GmbH now owns 10,000 shares of the insurance provider’s stock valued at $2,414,000 after buying an additional 100 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Travelers Companies by 43.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 159,172 shares of the insurance provider’s stock valued at $38,343,000 after buying an additional 47,985 shares during the period. Finally, Steward Partners Investment Advisory LLC boosted its position in Travelers Companies by 16.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,265 shares of the insurance provider’s stock worth $5,122,000 after acquiring an additional 3,046 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the sale, the chief executive officer now owns 262,329 shares of the company’s stock, valued at $71,820,433.62. The trade was a 11.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the transaction, the insider now directly owns 255,086 shares of the company’s stock, valued at approximately $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 163,869 shares of company stock worth $44,868,201 in the last 90 days. 1.46% of the stock is owned by company insiders.

Travelers Companies Stock Performance

NYSE:TRV opened at $273.85 on Friday. The firm’s fifty day simple moving average is $262.55 and its 200 day simple moving average is $254.14. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $277.83. The firm has a market capitalization of $62.05 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $10.52 billion for the quarter, compared to analysts’ expectations of $10.97 billion. During the same quarter in the previous year, the firm posted $4.69 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 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 Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a yield of 1.61%. Travelers Companies’s payout ratio is 23.95%.

Analysts Set New Price Targets

TRV has been the subject of several analyst reports. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. Jefferies Financial Group upped their target price on Travelers Companies from $265.00 to $270.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Wall Street Zen raised Travelers Companies from a “hold” rating to a “buy” rating in a research note on Tuesday, May 13th. Evercore ISI lifted their price target on Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Finally, Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an “equal weight” rating in a report on Monday, May 19th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $271.11.

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.