SageView Advisory Group LLC Invests $455,000 in The Travelers Companies, Inc. (NYSE:TRV)

SageView Advisory Group LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,391 shares of the insurance provider’s stock, valued at approximately $455,000.

A number of other large investors also recently modified their holdings of TRV. Grimes & Company Inc. grew its stake in Travelers Companies by 2.2% in the 4th quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after buying an additional 53 shares in the last quarter. Slow Capital Inc. raised its stake in shares of Travelers Companies by 0.3% during the fourth quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider’s stock valued at $3,451,000 after acquiring an additional 53 shares during the last quarter. Pzena Investment Management LLC raised its stake in Travelers Companies by 2.5% in the fourth quarter. Pzena Investment Management LLC now owns 2,406 shares of the insurance provider’s stock worth $458,000 after buying an additional 59 shares in the last quarter. Hexagon Capital Partners LLC raised its stake in Travelers Companies by 25.5% in the fourth quarter. Hexagon Capital Partners LLC now owns 295 shares of the insurance provider’s stock worth $56,000 after buying an additional 60 shares in the last quarter. Finally, Schmidt P J Investment Management Inc. grew its holdings in Travelers Companies by 4.0% in the fourth quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider’s stock worth $339,000 after purchasing an additional 61 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Insiders sold a total of 18,635 shares of company stock worth $3,980,827 over the last three months. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

Travelers Companies stock opened at $213.33 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The firm has a market capitalization of $48.85 billion, a P/E ratio of 15.85, a price-to-earnings-growth ratio of 1.10 and a beta of 0.60. The company’s 50-day moving average is $219.56 and its 200 day moving average is $206.31.

Travelers Companies (NYSE:TRVGet Free Report) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same period last year, the business posted $4.11 earnings per share. The business’s revenue was up 15.7% compared to the same quarter last year. Research analysts forecast that The Travelers Companies, Inc. will post 17.85 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.97%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Analyst Ratings Changes

A number of research analysts recently weighed in on TRV shares. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Morgan Stanley lifted their price objective on shares of Travelers Companies from $214.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. TD Cowen dropped their price target on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research note on Tuesday, April 23rd. UBS Group reduced their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Finally, Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average target price of $222.65.

Read Our Latest Research Report on Travelers Companies

About Travelers Companies

(Free Report)

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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