The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Valmark Advisers Inc.

Valmark Advisers Inc. lifted its position in The Travelers Companies, Inc. (NYSE:TRV) by 27.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,195 shares of the insurance provider’s stock after acquiring an additional 255 shares during the period. Valmark Advisers Inc.’s holdings in Travelers Companies were worth $316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE grew its position in Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after purchasing an additional 2,466,098 shares during the period. Norges Bank acquired a new stake in Travelers Companies during the 4th quarter worth about $560,918,000. GAMMA Investing LLC grew its position in Travelers Companies by 31,132.9% during the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock worth $582,733,000 after purchasing an additional 2,196,426 shares during the period. Balyasny Asset Management L.P. grew its position in Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock worth $360,694,000 after purchasing an additional 907,266 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Travelers Companies during the 4th quarter worth about $138,619,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total value of $549,000.00. Following the completion of the sale, the insider now owns 255,086 shares in the company, valued at approximately $70,021,107. This trade represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Alan D. Schnitzer sold 35,456 shares of Travelers Companies stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 262,329 shares of the company’s stock, 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 sold 163,869 shares of company stock worth $44,868,201 in the last 90 days. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 2.0%

TRV opened at $260.70 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The company’s 50 day simple moving average is $267.01 and its two-hundred day simple moving average is $254.31. The Travelers Companies, Inc. has a 1-year low of $200.21 and a 1-year high of $277.83. The firm has a market capitalization of $58.88 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 3.89 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The business had revenue of $10.52 billion for the quarter, compared to analyst estimates of $10.97 billion. During the same period last year, the company posted $4.69 EPS. Analysts expect that The Travelers Companies, Inc. will post 17.02 EPS 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 issued a dividend of $1.10 per share. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.69%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio (DPR) is currently 23.95%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Jefferies Financial Group increased their price target on Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Barclays lowered their target price on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Hsbc Global Res lowered shares of Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 8th. Finally, Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average 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.