The Travelers Companies, Inc. $TRV Stock Position Raised by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 216.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 174,715 shares of the insurance provider’s stock after buying an additional 119,558 shares during the period. Los Angeles Capital Management LLC’s holdings in Travelers Companies were worth $47,350,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $28,000. Entrust Financial LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $31,000. Navalign LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $35,000. Finally, eCIO Inc. bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $37,000. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of recent research reports. Evercore reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Roth Mkm reissued a “buy” rating on shares of Travelers Companies in a research note on Monday, April 20th. Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a research note on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $311.47.

Insider Buying and Selling

In other news, insider Avrohom J. Kess sold 6,735 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the completion of the sale, the insider directly owned 48,737 shares of the company’s stock, valued at approximately $15,049,010.86. This represents a 12.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the sale, the executive vice president directly owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 37,573 shares of company stock worth $11,504,146. Company insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 3.3%

Shares of NYSE:TRV opened at $303.13 on Friday. The company has a 50 day moving average of $299.04 and a 200-day moving average of $294.00. The firm has a market cap of $64.46 billion, a P/E ratio of 9.02, a P/E/G ratio of 2.73 and a beta of 0.48. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $313.12. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. The company had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.91 EPS. As a group, analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.6%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is currently 13.09%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.