Avior Wealth Management LLC Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Avior Wealth Management LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 16.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 662 shares of the insurance provider’s stock after buying an additional 94 shares during the period. Avior Wealth Management LLC’s holdings in Travelers Companies were worth $126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mn Services Vermogensbeheer B.V. raised its position in shares of Travelers Companies by 1.5% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 111,547 shares of the insurance provider’s stock worth $18,217,000 after buying an additional 1,600 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in Travelers Companies by 124.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after acquiring an additional 7,649 shares during the last quarter. Worth Asset Management LLC bought a new position in Travelers Companies in the fourth quarter valued at $2,201,000. Nordea Investment Management AB increased its stake in Travelers Companies by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after acquiring an additional 16,580 shares during the last quarter. Finally, DNB Asset Management AS increased its stake in Travelers Companies by 53.5% in the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after acquiring an additional 24,230 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $214.07 on Friday. The company has a 50-day simple moving average of $221.79 and a two-hundred day simple moving average of $196.88. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The firm has a market capitalization of $49.02 billion, a PE ratio of 15.90, a price-to-earnings-growth ratio of 1.12 and a beta of 0.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34.

Travelers Companies (NYSE:TRV) last released 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 analysts’ expectations of $10.62 billion. During the same quarter in the previous year, the business posted $4.11 earnings per share. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.66 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, June 7th. Travelers Companies’s payout ratio is presently 29.72%.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 26,633 shares of Travelers Companies stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $212.76, for a total value of $5,666,437.08. Following the completion of the sale, the insider now owns 255,178 shares of the company’s stock, valued at approximately $54,291,671.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Daniel S. Frey sold 38,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at approximately $3,147,865.50. The disclosure for this sale can be found here. Insiders sold a total of 109,775 shares of company stock worth $23,343,903 in the last three months. Insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRV. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Thursday. Evercore ISI reduced their price objective on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday. HSBC raised their price objective on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. Finally, Morgan Stanley raised their price objective on Travelers Companies from $222.00 to $230.00 and gave the company an “equal weight” rating in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $222.88.

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.