Avior Wealth Management LLC Acquires 94 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Avior Wealth Management LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 16.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 662 shares of the insurance provider’s stock after buying an additional 94 shares during the period. Avior Wealth Management LLC’s holdings in Travelers Companies were worth $126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Command Advisory Services Inc. purchased a new position in shares of Travelers Companies in the third quarter worth $26,000. Arlington Trust Co LLC purchased a new position in shares of Travelers Companies in the third quarter worth $27,000. FWL Investment Management LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $28,000. Quarry LP purchased a new position in shares of Travelers Companies in the first quarter worth $31,000. Finally, AM Squared Ltd increased its stake in shares of Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 100 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Up 1.7 %

Shares of NYSE TRV opened at $214.07 on Friday. The company’s 50-day simple moving average is $221.79 and its 200-day simple moving average is $196.88. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The firm has a market cap of $49.02 billion, a price-to-earnings ratio of 15.90, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. During the same quarter last year, the business earned $4.11 EPS. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post 17.66 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio (DPR) is currently 29.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRV. Raymond James increased their price objective on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research note on Monday, January 22nd. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. HSBC increased their price objective on shares of Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research note on Thursday, April 4th. Citigroup increased their price objective on shares of Travelers Companies from $215.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group increased their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $222.88.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Travelers Companies news, SVP Paul E. Munson sold 2,121 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $212.86, for a total value of $451,476.06. Following the transaction, the senior vice president now directly owns 719 shares in the company, valued at approximately $153,046.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now owns 14,810 shares in the company, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 109,775 shares of company stock valued at $23,343,903. Corporate insiders own 1.33% of the company’s stock.

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.