Fideuram Intesa Sanpaolo Private Banking S.P.A. Acquires New Position in The Travelers Companies, Inc. $TRV

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,188 shares of the insurance provider’s stock, valued at approximately $638,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spinnaker Trust boosted its position in shares of Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after purchasing an additional 33 shares during the period. Cim LLC increased its stake in shares of Travelers Companies by 0.4% in the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after purchasing an additional 34 shares in the last quarter. Haverford Trust Co raised its position in shares of Travelers Companies by 0.7% during the 4th quarter. Haverford Trust Co now owns 5,210 shares of the insurance provider’s stock valued at $1,511,000 after purchasing an additional 35 shares during the period. Sumitomo Life Insurance Co. raised its position in shares of Travelers Companies by 0.7% during the 4th quarter. Sumitomo Life Insurance Co. now owns 5,236 shares of the insurance provider’s stock valued at $1,519,000 after purchasing an additional 35 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its stake in shares of Travelers Companies by 1.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock valued at $541,000 after buying an additional 36 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider directly owned 259,590 shares of the company’s stock, valued at approximately $80,639,037.60. The trade was a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is owned by insiders.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $341.65 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a fifty day moving average price of $306.77 and a 200 day moving average price of $298.09. The Travelers Companies, Inc. has a fifty-two week low of $249.19 and a fifty-two week high of $342.31. The firm has a market cap of $72.65 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 3.09 and a beta of 0.46.

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

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend was Wednesday, June 10th. Travelers Companies’s payout ratio is presently 14.88%.

Analyst Ratings Changes

Several brokerages recently weighed in on TRV. Roth Mkm reaffirmed a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. BMO Capital Markets boosted their price objective on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Bank of America dropped their price objective on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a research note on Tuesday, April 14th. Finally, Evercore reiterated an “outperform” rating on shares of Travelers Companies in a research report on Friday, April 17th. Two investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $309.07.

Travelers Companies 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.