The Travelers Companies, Inc. $TRV Shares Bought by Sienna Gestion

Sienna Gestion grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 13.7% during the 4th quarter, Holdings Channel reports. The firm owned 44,179 shares of the insurance provider’s stock after purchasing an additional 5,320 shares during the period. Sienna Gestion’s holdings in Travelers Companies were worth $12,853,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Travelers Companies during the 4th quarter worth $24,167,000. Elo Mutual Pension Insurance Co boosted its stake in shares of Travelers Companies by 24.9% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock worth $9,737,000 after acquiring an additional 6,954 shares in the last quarter. Rit Capital Partners PLC bought a new stake in shares of Travelers Companies during the 4th quarter worth $39,450,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Travelers Companies by 192.8% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 135,330 shares of the insurance provider’s stock worth $37,787,000 after acquiring an additional 89,108 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Travelers Companies by 17.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 901,938 shares of the insurance provider’s stock worth $261,616,000 after acquiring an additional 133,152 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the sale, the insider directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $305.06, for a total value of $1,956,654.84. Following the sale, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. This represents a 51.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 37,573 shares of company stock valued at $11,504,146 in the last quarter. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $306.89 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $313.12. The business has a fifty day simple moving average of $300.48 and a 200 day simple moving average of $294.64. The firm has a market cap of $65.26 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 2.75 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion during the quarter, compared to analyst estimates of $11.11 billion. During the same period last year, the company earned $1.91 earnings per share. Travelers Companies’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Wednesday, June 10th. Travelers Companies’s dividend payout ratio is 14.88%.

Analysts Set New Price Targets

TRV has been the subject of several research reports. Evercore reissued an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Bank of America decreased their target price on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. Wells Fargo & Company raised their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Finally, Brean Capital started coverage on Travelers Companies in a research report on Thursday, March 12th. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $309.07.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.