Baron Wealth Management LLC Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

Baron Wealth Management LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 22.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,692 shares of the insurance provider’s stock after buying an additional 313 shares during the period. Baron Wealth Management LLC’s holdings in Travelers Companies were worth $408,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Strategic Planning Group LLC increased its holdings in shares of Travelers Companies by 3.6% in the fourth quarter. Strategic Planning Group LLC now owns 16,840 shares of the insurance provider’s stock valued at $4,057,000 after purchasing an additional 582 shares during the last quarter. Gries Financial LLC increased its stake in shares of Travelers Companies by 22.0% in the 4th quarter. Gries Financial LLC now owns 1,158 shares of the insurance provider’s stock worth $279,000 after acquiring an additional 209 shares during the last quarter. Milestone Asset Management LLC raised its holdings in shares of Travelers Companies by 43.8% during the 4th quarter. Milestone Asset Management LLC now owns 27,168 shares of the insurance provider’s stock worth $6,545,000 after acquiring an additional 8,270 shares during the period. Baader Bank Aktiengesellschaft boosted its position in shares of Travelers Companies by 260.9% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 3,652 shares of the insurance provider’s stock valued at $880,000 after acquiring an additional 2,640 shares during the last quarter. Finally, Hanson & Doremus Investment Management grew its holdings in shares of Travelers Companies by 13.2% in the fourth quarter. Hanson & Doremus Investment Management now owns 4,985 shares of the insurance provider’s stock valued at $1,201,000 after purchasing an additional 580 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maria Olivo sold 10,410 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their position. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on TRV. Barclays boosted their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a report on Friday, January 24th. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research report on Tuesday, December 10th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their price target on Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Roth Mkm boosted their price objective on shares of Travelers Companies from $240.00 to $300.00 and gave the company a “buy” rating in a report on Monday, October 21st. Four equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $260.47.

Travelers Companies Stock Up 0.6 %

Shares of NYSE:TRV opened at $249.85 on Thursday. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The firm’s 50 day moving average price is $247.48 and its 200 day moving average price is $238.07. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The stock has a market cap of $56.72 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the company earned $7.01 EPS. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 20.33 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

About Travelers Companies

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.