Principle Wealth Partners LLC Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Principle Wealth Partners LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,992 shares of the insurance provider’s stock after buying an additional 241 shares during the period. Principle Wealth Partners LLC’s holdings in Travelers Companies were worth $3,237,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. First Command Advisory Services Inc. purchased a new stake in Travelers Companies during the third quarter valued at approximately $26,000. Arlington Trust Co LLC purchased a new stake in Travelers Companies during the third quarter valued at approximately $27,000. AM Squared Ltd raised its position in Travelers Companies by 100.0% during the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 100 shares during the period. Valued Wealth Advisors LLC purchased a new stake in Travelers Companies during the fourth quarter valued at approximately $40,000. Finally, OLD Second National Bank of Aurora purchased a new stake in Travelers Companies during the fourth quarter valued at approximately $41,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 10,553 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $212.93, for a total transaction of $2,247,050.29. Following the sale, the executive vice president now owns 103,443 shares of the company’s stock, valued at approximately $22,026,117.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Vice Chairman William H. Heyman sold 2,500 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $213.54, for a total transaction of $533,850.00. Following the completion of the sale, the insider now owns 255,178 shares in the company, valued at approximately $54,490,710.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Maria Olivo sold 10,553 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $212.93, for a total value of $2,247,050.29. Following the sale, the executive vice president now owns 103,443 shares of the company’s stock, valued at approximately $22,026,117.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,734 shares of company stock valued at $17,208,404. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Down 0.3 %

NYSE:TRV traded down $0.54 during midday trading on Friday, hitting $213.45. The stock had a trading volume of 1,706,046 shares, compared to its average volume of 1,389,936. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The company has a market capitalization of $48.88 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.11 and a beta of 0.58. The stock has a 50-day moving average of $221.50 and a 200 day moving average of $198.66. 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:TRV) last announced its quarterly earnings data 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). The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $4.11 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.74 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.97%. The ex-dividend date is Friday, June 7th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TRV. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 19th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group cut their target price on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. The Goldman Sachs Group upped their target price on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Finally, Morgan Stanley upped their target price 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 investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $223.47.

About Travelers Companies

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.