Procyon Advisors LLC Boosts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Procyon Advisors LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,718 shares of the insurance provider’s stock after purchasing an additional 941 shares during the period. Procyon Advisors LLC’s holdings in Travelers Companies were worth $4,950,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TRV. Putney Financial Group LLC bought a new position in Travelers Companies in the fourth quarter worth about $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $26,000. YANKCOM Partnership bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $27,000. Kapitalo Investimentos Ltda bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $30,000. Finally, Wood Tarver Financial Group LLC purchased a new stake in Travelers Companies during the 4th quarter valued at $33,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TRV shares. HSBC lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 target price for the company. in a research note on Monday, March 24th. Jefferies Financial Group upped their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a report on Friday, April 11th. Barclays dropped their target price on shares of Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Travelers Companies from $290.00 to $303.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 28th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $271.11.

Insider Activity

In other Travelers Companies news, SVP Paul E. Munson sold 4,052 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.29, for a total value of $1,107,371.08. Following the completion of the sale, the senior vice president now directly owns 735 shares in the company, valued at $200,868.15. This trade represents a 84.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the completion of the sale, the insider now owns 255,086 shares of the company’s stock, valued at approximately $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 163,869 shares of company stock worth $44,868,201. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $270.92 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.33 and a quick ratio of 0.33. The company’s 50-day simple moving average is $262.37 and its two-hundred day simple moving average is $254.04. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $277.83. The company has a market capitalization of $61.38 billion, a P/E ratio of 12.62, a P/E/G ratio of 4.65 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The firm had revenue of $10.52 billion for the quarter, compared to the consensus estimate of $10.97 billion. During the same period last year, the firm earned $4.69 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.62%. Travelers Companies’s dividend payout ratio (DPR) is currently 23.95%.

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.