Lighthouse Investment Partners LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Lighthouse Investment Partners LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 16,035 shares of the insurance provider’s stock, valued at approximately $3,055,000.

Several other institutional investors have also recently made changes to their positions in the stock. Northwest Financial Advisors purchased a new stake in shares of Travelers Companies in the fourth quarter worth about $32,000. Private Wealth Management Group LLC bought a new stake in shares of Travelers Companies during the fourth quarter worth $39,000. Valued Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the fourth quarter worth approximately $40,000. OLD Second National Bank of Aurora bought a new position in shares of Travelers Companies during the 4th quarter worth $41,000. Finally, Operose Advisors LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $43,000. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TRV shares. HSBC raised their price objective on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Roth Mkm reiterated a “buy” rating and issued a $240.00 price objective on shares of Travelers Companies in a research report on Thursday, April 18th. Jefferies Financial Group cut their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. Royal Bank of Canada lowered their price target on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 18th. Finally, JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $222.65.

Get Our Latest Analysis on TRV

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 over the last ninety days. 1.33% of the stock is owned by insiders.

Travelers Companies Trading Down 0.5 %

Shares of TRV traded down $1.08 during mid-day trading on Monday, hitting $211.87. The company had a trading volume of 201,609 shares, compared to its average volume of 1,377,014. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The business’s 50-day simple moving average is $216.77 and its 200-day simple moving average is $208.80. The stock has a market cap of $48.52 billion, a PE ratio of 15.82, a P/E/G ratio of 1.10 and a beta of 0.62. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRVGet Free Report) last issued its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.11 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.86 earnings per share for the current year.

Travelers Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, June 10th. This represents a $4.20 annualized dividend and a yield of 1.98%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio is presently 29.72%.

About Travelers Companies

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.