The Travelers Companies, Inc. (NYSE:TRV) Holdings Boosted by PDS Planning Inc

PDS Planning Inc grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,913 shares of the insurance provider’s stock after purchasing an additional 92 shares during the period. PDS Planning Inc’s holdings in Travelers Companies were worth $506,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Putney Financial Group LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $26,000. Ameriflex Group Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth approximately $26,000. Kapitalo Investimentos Ltda purchased a new position in Travelers Companies during the fourth quarter valued at approximately $30,000. Wood Tarver Financial Group LLC acquired a new position in Travelers Companies in the 4th quarter valued at approximately $33,000. Finally, Generali Investments Management Co LLC purchased a new stake in Travelers Companies in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, CEO Alan D. Schnitzer sold 35,456 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.78, for a total value of $9,707,143.68. Following the completion of the sale, the chief executive officer now owns 262,329 shares in the company, valued at approximately $71,820,433.62. This trade represents a 11.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 20,286 shares of the business’s stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the transaction, the chief financial officer now owns 26,932 shares in the company, valued at $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 163,869 shares of company stock valued at $44,868,201 in the last 90 days. 1.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TRV shares. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the company an “equal weight” rating in a research report on Monday, May 19th. Wells Fargo & Company upped their target price on Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 17th. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $290.00 to $303.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 28th. Finally, UBS Group reduced their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $271.11.

Travelers Companies Stock Performance

NYSE:TRV opened at $263.17 on Friday. The firm has a market capitalization of $59.44 billion, a PE ratio of 14.33, a PEG ratio of 3.81 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $277.83. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The firm’s fifty day simple moving average is $267.15 and its 200 day simple moving average is $254.39.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. The company had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. During the same period in the prior year, the company earned $4.69 earnings per share. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. The ex-dividend date is Tuesday, June 10th. This represents a $4.40 annualized dividend and a yield of 1.67%. Travelers Companies’s dividend payout ratio is presently 23.95%.

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.