Level Four Advisory Services LLC Purchases Shares of 2,433 The Travelers Companies, Inc. (NYSE:TRV)

Level Four Advisory Services LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 2,433 shares of the insurance provider’s stock, valued at approximately $463,000.

A number of other large investors have also recently made changes to their positions in TRV. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Travelers Companies by 2.2% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,886 shares of the insurance provider’s stock valued at $635,000 after buying an additional 83 shares during the last quarter. Private Advisor Group LLC lifted its stake in Travelers Companies by 5.2% in the third quarter. Private Advisor Group LLC now owns 25,414 shares of the insurance provider’s stock worth $4,149,000 after purchasing an additional 1,261 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Travelers Companies by 162.1% during the 3rd quarter. Larson Financial Group LLC now owns 325 shares of the insurance provider’s stock valued at $53,000 after acquiring an additional 201 shares during the period. ORG Partners LLC purchased a new stake in shares of Travelers Companies during the third quarter valued at $56,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in Travelers Companies by 2.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 146,489 shares of the insurance provider’s stock worth $23,923,000 after acquiring an additional 3,102 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,877,860.08. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey P. Klenk sold 3,635 shares of Travelers Companies stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at approximately $1,298,106. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock valued at $3,980,827 in the last three months. Corporate insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods decreased their price objective on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Jefferies Financial Group lowered their price target on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research report on Friday, April 19th. JMP Securities reissued a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Roth Mkm restated a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Finally, JPMorgan Chase & Co. raised their price objective on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research report on Monday, April 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $222.65.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $216.33 on Wednesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. 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 $49.54 billion, a P/E ratio of 16.07, a PEG ratio of 1.11 and a beta of 0.60. The company’s fifty day moving average is $220.20 and its two-hundred day moving average is $205.05.

Travelers Companies (NYSE:TRV) last announced its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter last year, the company posted $4.11 EPS. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 17.85 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. Stockholders of record on Monday, June 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

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.