TCG Advisory Services LLC Raises Position in The Travelers Companies, Inc. (NYSE:TRV)

TCG Advisory Services LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 85.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,690 shares of the insurance provider’s stock after purchasing an additional 1,243 shares during the quarter. TCG Advisory Services LLC’s holdings in Travelers Companies were worth $512,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Clearbridge Investments LLC increased its position in Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock valued at $747,267,000 after acquiring an additional 623,974 shares during the last quarter. Northern Trust Corp grew its stake in shares of Travelers Companies by 0.9% during the third quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock valued at $560,451,000 after buying an additional 29,989 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Travelers Companies by 0.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,395,810 shares of the insurance provider’s stock worth $227,950,000 after buying an additional 5,584 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Travelers Companies by 7.2% during the 3rd quarter. Hsbc Holdings PLC now owns 989,962 shares of the insurance provider’s stock worth $162,157,000 after acquiring an additional 66,508 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of Travelers Companies by 18.3% during the 4th quarter. California Public Employees Retirement System now owns 936,058 shares of the insurance provider’s stock worth $178,310,000 after acquiring an additional 144,566 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the subject of several research analyst reports. Jefferies Financial Group decreased their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted 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 target on shares of Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. HSBC increased their price objective on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research note on Thursday, April 4th. Finally, UBS Group lowered their target price on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $223.47.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on 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 owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on 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 directly owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. Insiders sold a total of 56,635 shares of company stock worth $12,057,727 over the last three months. 1.33% of the stock is currently owned by insiders.

Travelers Companies Stock Down 0.2 %

Shares of TRV traded down $0.52 during mid-day trading on Friday, hitting $213.85. 1,298,445 shares of the company traded hands, compared to its average volume of 1,525,222. The business has a 50 day moving average of $220.82 and a 200 day moving average of $200.58. The company has a market capitalization of $48.97 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $4.11 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.71 EPS for the current year.

Travelers Companies Increases Dividend

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

About Travelers Companies

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.