Howland Capital Management LLC Purchases 215 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Howland Capital Management LLC raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,241 shares of the insurance provider’s stock after buying an additional 215 shares during the quarter. Howland Capital Management LLC’s holdings in Travelers Companies were worth $516,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwest Financial Advisors purchased a new stake in Travelers Companies during the fourth quarter valued at about $32,000. Private Wealth Management Group LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $39,000. Valued Wealth Advisors LLC bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $40,000. OLD Second National Bank of Aurora purchased a new stake in Travelers Companies during the 4th quarter valued at about $41,000. Finally, Opal Wealth Advisors LLC bought a new position in Travelers Companies during the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction that occurred on 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction on 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 owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is owned by company insiders.

Travelers Companies Price Performance

NYSE TRV opened at $210.09 on Friday. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The stock has a 50-day moving average of $210.82 and a 200 day moving average of $212.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The company has a market capitalization of $48.11 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.11 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. During the same quarter last year, the firm posted $4.11 earnings per share. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.44 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were given a dividend of $1.05 per share. This is a boost 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 2.00%. The ex-dividend date of this dividend was Monday, June 10th. Travelers Companies’s payout ratio is presently 31.20%.

Wall Street Analyst Weigh In

TRV has been the topic of several recent analyst reports. Oppenheimer restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 5th. William Blair reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. The Goldman Sachs Group increased their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. Roth Mkm restated a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a report on Thursday, April 18th. Finally, HSBC increased their price objective on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a report on Thursday, April 4th. Four equities research 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 presently has a consensus rating of “Hold” and an average target price of $221.89.

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.