The Travelers Companies, Inc. (NYSE:TRV) Position Boosted by Applied Capital LLC FL

Applied Capital LLC FL boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 3.8% during the 1st quarter, Holdings Channel.com reports. The firm owned 16,499 shares of the insurance provider’s stock after buying an additional 602 shares during the quarter. Travelers Companies accounts for about 3.1% of Applied Capital LLC FL’s holdings, making the stock its 5th largest position. Applied Capital LLC FL’s holdings in Travelers Companies were worth $3,797,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Narus Financial Partners LLC purchased a new position in shares of Travelers Companies in the first quarter valued at about $209,000. Cullinan Associates Inc. lifted its position in shares of Travelers Companies by 159.8% in the first quarter. Cullinan Associates Inc. now owns 34,164 shares of the insurance provider’s stock valued at $7,863,000 after acquiring an additional 21,014 shares in the last quarter. Tributary Capital Management LLC purchased a new position in shares of Travelers Companies in the first quarter valued at about $45,000. Oak Thistle LLC purchased a new position in shares of Travelers Companies in the first quarter valued at about $255,000. Finally, Hexagon Capital Partners LLC lifted its position in shares of Travelers Companies by 26.1% in the first quarter. Hexagon Capital Partners LLC now owns 372 shares of the insurance provider’s stock valued at $86,000 after acquiring an additional 77 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.2 %

Shares of NYSE TRV traded up $0.33 during midday trading on Tuesday, hitting $203.30. The company’s stock had a trading volume of 530,085 shares, compared to its average volume of 1,385,744. The business’s 50 day moving average is $212.47 and its two-hundred day moving average is $211.70. The firm has a market cap of $46.55 billion, a P/E ratio of 15.08, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The firm had revenue of $11.23 billion for 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 revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.11 earnings per share. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.59 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were issued a dividend of $1.05 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TRV. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Morgan Stanley increased their price target on Travelers Companies from $214.00 to $216.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. HSBC increased their price target on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. Jefferies Financial Group dropped their price target on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a research note on Monday, June 24th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $221.12.

Insiders Place Their Bets

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 sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $1,064,500.00. Following the completion of the sale, 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 have sold 18,635 shares of company stock worth $3,980,827 in the last ninety days. 1.33% of the stock is owned by company insiders.

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.