ORBA Wealth Advisors L.L.C. Invests $218,000 in The Travelers Companies, Inc. (NYSE:TRV)

ORBA Wealth Advisors L.L.C. purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 825 shares of the insurance provider’s stock, valued at approximately $218,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after purchasing an additional 117,108 shares during the period. FMR LLC increased its position in shares of Travelers Companies by 1.6% during the fourth quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock valued at $3,439,392,000 after purchasing an additional 229,160 shares during the period. Geode Capital Management LLC increased its position in shares of Travelers Companies by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider’s stock valued at $1,269,321,000 after purchasing an additional 182,270 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Travelers Companies by 1.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider’s stock valued at $903,937,000 after purchasing an additional 70,036 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock valued at $844,854,000 after purchasing an additional 2,466,098 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Travelers Companies stock opened at $263.17 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $59.44 billion, a P/E ratio of 12.26, a P/E/G ratio of 4.65 and a beta of 0.53. The business’s fifty day moving average is $264.17 and its two-hundred day moving average is $254.16. The Travelers Companies, Inc. has a 52 week low of $200.21 and a 52 week high of $277.83.

Travelers Companies (NYSE:TRV) last posted 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. The company had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. During the same quarter in the previous year, the firm earned $4.69 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is 23.95%.

Insider Activity

In other news, EVP David Donnay Rowland sold 12,069 shares of the company’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.01, for a total transaction of $3,307,026.69. Following the transaction, the executive vice president now owns 11,731 shares of the company’s stock, valued at $3,214,411.31. This represents a 50.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Alan D. Schnitzer sold 35,456 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the transaction, the chief executive officer now directly owns 262,329 shares in the company, valued at $71,820,433.62. This trade represents a 11.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock valued at $44,868,201 over the last 90 days. 1.46% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wall Street Zen upgraded Travelers Companies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. UBS Group lowered their price objective on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 9th. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research report on Monday, March 24th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an “equal weight” rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company upped their price target on Travelers Companies from $247.00 to $260.00 and gave the company an “equal weight” rating in a research report on Thursday, April 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.