State Street Corp Grows Holdings in The Travelers Companies, Inc. $TRV

State Street Corp increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,000,457 shares of the insurance provider’s stock after buying an additional 486,861 shares during the period. State Street Corp owned about 0.07% of Travelers Companies worth $4,641,093,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. Osterweis Capital Management Inc. increased its stake in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth about $28,000. Entrust Financial LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth about $31,000. Navalign LLC bought a new stake in shares of Travelers Companies in the 4th quarter worth about $35,000. Finally, eCIO Inc. bought a new stake in shares of Travelers Companies in the 4th quarter worth about $37,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $304.62 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $313.12. The firm has a 50-day simple moving average of $300.22 and a 200 day simple moving average of $294.52. The company has a market cap of $64.78 billion, a PE ratio of 9.06, a P/E/G ratio of 2.74 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the prior year, the firm earned $1.91 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is currently 14.88%.

Analysts Set New Price Targets

Several research firms have recently weighed in on TRV. Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a research report on Tuesday, May 26th. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Wells Fargo & Company boosted their target price on shares of Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Evercore reissued an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $309.07.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 2,867 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at $1,607,678.10. This represents a 35.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total transaction of $483,666.48. Following the sale, the insider directly owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 37,573 shares of company stock worth $11,504,146. 1.39% of the stock is owned by company insiders.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.