Patrick M Sweeney & Associates Inc. Acquires New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Patrick M Sweeney & Associates Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,586 shares of the insurance provider’s stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in Travelers Companies by 11.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 73,560 shares of the insurance provider’s stock valued at $12,013,000 after purchasing an additional 7,811 shares during the period. Brown Advisory Inc. grew its position in shares of Travelers Companies by 0.7% during the third quarter. Brown Advisory Inc. now owns 35,410 shares of the insurance provider’s stock worth $5,783,000 after buying an additional 232 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Travelers Companies by 4.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 100,263 shares of the insurance provider’s stock worth $16,374,000 after acquiring an additional 3,994 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Travelers Companies by 2.9% during the 3rd quarter. Mackenzie Financial Corp now owns 218,737 shares of the insurance provider’s stock worth $35,199,000 after acquiring an additional 6,128 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its position in shares of Travelers Companies by 4.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 48,166 shares of the insurance provider’s stock valued at $7,866,000 after purchasing an additional 2,052 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.5 %

Shares of NYSE:TRV traded up $1.06 during mid-day trading on Tuesday, hitting $216.97. 576,136 shares of the company traded hands, compared to its average volume of 1,462,497. The firm has a market cap of $49.68 billion, a P/E ratio of 16.12, a PEG ratio of 1.11 and a beta of 0.60. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The firm’s 50 day simple moving average is $220.64 and its 200 day simple moving average is $201.34. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

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

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is currently 29.72%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was 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 directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was 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 of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,635 shares of company stock valued at $3,980,827. Company insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRV. TD Cowen cut their price target on Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Keefe, Bruyette & Woods lowered their price objective on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Sunday. Evercore ISI lowered their price target on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Finally, Morgan Stanley upped their price objective on Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $223.47.

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.