Ieq Capital LLC raised its position in shares of Travelers Companies Inc (NYSE:TRV) by 19.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,378 shares of the insurance provider’s stock after acquiring an additional 887 shares during the period. Ieq Capital LLC’s holdings in Travelers Companies were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in TRV. Sciencast Management LP purchased a new stake in Travelers Companies during the 4th quarter valued at $832,000. Zeke Capital Advisors LLC boosted its position in Travelers Companies by 3.7% during the fourth quarter. Zeke Capital Advisors LLC now owns 5,364 shares of the insurance provider’s stock valued at $735,000 after purchasing an additional 192 shares in the last quarter. Good Life Advisors LLC raised its stake in Travelers Companies by 26.3% in the fourth quarter. Good Life Advisors LLC now owns 1,755 shares of the insurance provider’s stock valued at $241,000 after buying an additional 365 shares during the last quarter. Garner Asset Management Corp raised its stake in Travelers Companies by 3.5% in the fourth quarter. Garner Asset Management Corp now owns 10,811 shares of the insurance provider’s stock valued at $1,481,000 after buying an additional 370 shares during the last quarter. Finally, Baystate Wealth Management LLC raised its stake in shares of Travelers Companies by 63.7% in the fourth quarter. Baystate Wealth Management LLC now owns 514 shares of the insurance provider’s stock worth $70,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 80.88% of the company’s stock.

TRV has been the topic of a number of recent research reports. Citigroup lowered their price objective on Travelers Companies from $142.00 to $110.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 21st. Morgan Stanley lowered their price objective on Travelers Companies from $130.00 to $110.00 and set an “underweight” rating for the company in a research report on Wednesday, April 1st. Royal Bank of Canada reissued a “hold” rating and issued a $115.00 target price on shares of Travelers Companies in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods raised Travelers Companies from an “underperform” rating to a “market perform” rating and set a $116.00 target price for the company in a research report on Thursday, April 2nd. Finally, Buckingham Research reduced their price objective on Travelers Companies from $158.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, January 22nd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. Travelers Companies has an average rating of “Hold” and a consensus price target of $128.59.

In other news, Director Philip T. Ruegger III acquired 670 shares of the stock in a transaction on Friday, February 28th. The shares were purchased at an average cost of $118.54 per share, for a total transaction of $79,421.80. Following the transaction, the director now owns 33,881 shares in the company, valued at approximately $4,016,253.74. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by insiders.

Shares of TRV traded up $0.09 during trading hours on Friday, hitting $90.31. The stock had a trading volume of 3,352,405 shares, compared to its average volume of 2,149,531. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.38 and a current ratio of 0.38. The firm has a market cap of $23.93 billion, a P/E ratio of 9.73, a P/E/G ratio of 1.79 and a beta of 0.88. The company’s fifty day simple moving average is $99.88 and its 200 day simple moving average is $123.04. Travelers Companies Inc has a 12-month low of $76.99 and a 12-month high of $155.09.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, April 21st. The insurance provider reported $2.62 EPS for the quarter, missing the consensus estimate of $2.85 by ($0.23). Travelers Companies had a net margin of 7.61% and a return on equity of 9.61%. The company had revenue of $7.23 billion during the quarter, compared to analysts’ expectations of $7.30 billion. During the same period last year, the business earned $2.83 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Travelers Companies Inc will post 9.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.85 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $0.82. The ex-dividend date is Tuesday, June 9th. This represents a $3.40 annualized dividend and a yield of 3.76%. Travelers Companies’s payout ratio is presently 34.17%.

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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