The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Great Lakes Retirement Inc.

Great Lakes Retirement Inc. lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,507 shares of the insurance provider’s stock after purchasing an additional 182 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Travelers Companies were worth $1,327,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Quent Capital LLC boosted its position in shares of Travelers Companies by 3.3% during the fourth quarter. Quent Capital LLC now owns 1,363 shares of the insurance provider’s stock worth $328,000 after buying an additional 43 shares during the period. Stonebridge Financial Group LLC acquired a new stake in Travelers Companies in the 4th quarter valued at approximately $161,000. Essex Financial Services Inc. raised its stake in Travelers Companies by 14.9% during the 4th quarter. Essex Financial Services Inc. now owns 7,414 shares of the insurance provider’s stock valued at $1,786,000 after acquiring an additional 964 shares in the last quarter. Elevate Capital Advisors LLC acquired a new position in Travelers Companies during the 4th quarter worth $4,627,000. Finally, Savant Capital LLC grew its stake in shares of Travelers Companies by 0.8% in the fourth quarter. Savant Capital LLC now owns 12,211 shares of the insurance provider’s stock worth $2,941,000 after purchasing an additional 97 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. This trade represents a 8.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total transaction of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. The trade was a 1.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Roth Mkm upped their target price on Travelers Companies from $240.00 to $300.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Keefe, Bruyette & Woods increased their price target on Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Wells Fargo & Company boosted their price objective on Travelers Companies from $213.00 to $225.00 and gave the stock an “underweight” rating in a research note on Thursday, January 23rd. Finally, Barclays raised their target price on Travelers Companies from $278.00 to $287.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $260.47.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $242.37 on Wednesday. The company’s fifty day moving average is $244.40 and its two-hundred day moving average is $240.24. The company has a market cap of $55.02 billion, a P/E ratio of 11.29, a price-to-earnings-growth ratio of 1.08 and a beta of 0.64. The Travelers Companies, Inc. has a 12-month low of $200.21 and a 12-month high of $269.55. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The firm had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10.80 billion. During the same period in the previous year, the firm earned $7.01 earnings per share. Travelers Companies’s quarterly revenue was up 9.9% on a year-over-year basis. Equities analysts expect that The Travelers Companies, Inc. will post 20.57 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is presently 19.56%.

Travelers Companies Company 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.