PUREfi Wealth LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

PUREfi Wealth LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,633 shares of the insurance provider’s stock, valued at approximately $432,000.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 21,617,748 shares of the insurance provider’s stock valued at $5,207,499,000 after acquiring an additional 117,108 shares during the last quarter. FMR LLC increased its holdings in shares of Travelers Companies by 1.6% in the 4th quarter. FMR LLC now owns 14,277,851 shares of the insurance provider’s stock valued at $3,439,392,000 after acquiring an additional 229,160 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Travelers Companies by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 5,258,490 shares of the insurance provider’s stock valued at $1,269,321,000 after acquiring an additional 182,270 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Travelers Companies by 1.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider’s stock worth $903,937,000 after buying an additional 70,036 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after buying an additional 2,466,098 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, EVP David Donnay Rowland sold 12,069 shares of the firm’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.01, for a total value of $3,307,026.69. Following the completion of the transaction, the executive vice president now directly owns 11,731 shares of the company’s stock, valued at $3,214,411.31. This trade represents a 50.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 value of $549,000.00. Following the completion of the transaction, the insider now directly owns 255,086 shares of the company’s stock, valued at $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 163,869 shares of company stock valued at $44,868,201 in the last three months. 1.46% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRV. JPMorgan Chase & Co. raised their price target on Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 8th. Hsbc Global Res downgraded Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. UBS Group dropped their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Barclays dropped their price target on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company raised their price target on Travelers Companies from $247.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $271.11.

Travelers Companies Stock Down 0.3%

Travelers Companies stock opened at $264.36 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $277.83. The stock has a 50 day moving average of $265.06 and a two-hundred day moving average of $254.14. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $59.71 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 3.88 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 EPS for the quarter, beating the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same period last year, the firm earned $4.69 EPS. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.05. This represents a $4.40 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 23.95%.

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.