The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 44.9% during the first quarter, Holdings Channel.com reports. The firm owned 2,306 shares of the insurance provider’s stock after purchasing an additional 715 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Travelers Companies were worth $531,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TRV. Vanguard Group Inc. increased its holdings in shares of Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after acquiring an additional 148,012 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after acquiring an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Travelers Companies by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock valued at $595,075,000 after acquiring an additional 154,886 shares during the last quarter. Norges Bank purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $282,593,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Travelers Companies by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock valued at $273,529,000 after acquiring an additional 40,114 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley dropped their price target on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. The Goldman Sachs Group increased their price objective on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. Finally, Keefe, Bruyette & Woods reduced their price target on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $220.94.

Insider Transactions at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.33% of the company’s stock.

Travelers Companies Trading Up 1.7 %

Shares of NYSE:TRV traded up $3.62 during midday trading on Thursday, reaching $211.35. The company’s stock had a trading volume of 244,667 shares, compared to its average volume of 1,372,584. The firm has a market cap of $48.17 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.13 and a beta of 0.61. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The business has a 50 day moving average price of $210.00 and a 200 day moving average price of $214.13.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. During the same period last year, the firm posted $0.06 EPS. Travelers Companies’s revenue was up 11.7% on a year-over-year basis. Research analysts forecast that The Travelers Companies, Inc. will post 16.94 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s payout ratio is 31.20%.

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.