Global Retirement Partners LLC boosted its position in Travelers Companies Inc (NYSE:TRV) by 66.4% during the first quarter, Holdings Channel reports. The institutional investor owned 411 shares of the insurance provider’s stock after purchasing an additional 164 shares during the period. Global Retirement Partners LLC’s holdings in Travelers Companies were worth $56,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Travelers Companies by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,398 shares of the insurance provider’s stock valued at $2,112,000 after buying an additional 948 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD boosted its position in Travelers Companies by 0.6% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 54,309 shares of the insurance provider’s stock valued at $7,449,000 after buying an additional 300 shares during the last quarter. McIlrath & Eck LLC boosted its position in Travelers Companies by 92.4% in the first quarter. McIlrath & Eck LLC now owns 227 shares of the insurance provider’s stock valued at $31,000 after buying an additional 109 shares during the last quarter. Raymond James & Associates boosted its position in Travelers Companies by 5.2% in the first quarter. Raymond James & Associates now owns 345,966 shares of the insurance provider’s stock valued at $47,453,000 after buying an additional 17,010 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Travelers Companies by 8.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 111,720 shares of the insurance provider’s stock valued at $15,325,000 after buying an additional 8,423 shares during the last quarter. Hedge funds and other institutional investors own 80.56% of the company’s stock.

Shares of NYSE:TRV opened at $147.49 on Monday. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $148.52. The company has a market capitalization of $38.63 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 1.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.38 and a quick ratio of 0.38.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 18th. The insurance provider reported $2.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.07. Travelers Companies had a return on equity of 10.86% and a net margin of 8.64%. The company had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.94 billion. During the same period in the previous year, the company posted $2.46 earnings per share. Travelers Companies’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, sell-side analysts anticipate that Travelers Companies Inc will post 11.11 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.22%. This is an increase from Travelers Companies’s previous quarterly dividend of $0.77. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio is presently 34.45%.

A number of research analysts have issued reports on the company. Zacks Investment Research raised Travelers Companies from a “sell” rating to a “buy” rating and set a $151.00 price target for the company in a report on Tuesday, March 26th. Wells Fargo & Co set a $130.00 price target on Travelers Companies and gave the company a “hold” rating in a report on Wednesday, January 23rd. Royal Bank of Canada set a $145.00 price target on Travelers Companies and gave the company a “neutral” rating in a report on Wednesday, April 24th. MKM Partners boosted their price target on Travelers Companies to $140.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Finally, UBS Group boosted their price target on Travelers Companies from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company’s stock. Travelers Companies has an average rating of “Hold” and a consensus price target of $140.58.

In other news, Vice Chairman William H. Heyman sold 8,138 shares of the company’s stock in a transaction that occurred on Friday, February 22nd. The stock was sold at an average price of $130.57, for a total transaction of $1,062,578.66. Following the completion of the transaction, the insider now directly owns 239,745 shares of the company’s stock, valued at approximately $31,303,504.65. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the transaction, the insider now directly owns 241,745 shares of the company’s stock, valued at $33,844,300. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 289,026 shares of company stock valued at $40,056,119. Corporate insiders own 0.73% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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