HighTower Advisors LLC Has $50.90 Million Stake in The Travelers Companies, Inc. $TRV

HighTower Advisors LLC grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 175,484 shares of the insurance provider’s stock after acquiring an additional 2,143 shares during the period. HighTower Advisors LLC’s holdings in Travelers Companies were worth $50,901,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $24,167,000. Varma Mutual Pension Insurance Co lifted its holdings in shares of Travelers Companies by 21.7% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 48,247 shares of the insurance provider’s stock valued at $13,472,000 after buying an additional 8,600 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new stake in shares of Travelers Companies during the 3rd quarter valued at about $7,955,000. National Pension Service lifted its holdings in shares of Travelers Companies by 1.8% during the 3rd quarter. National Pension Service now owns 746,883 shares of the insurance provider’s stock valued at $208,545,000 after buying an additional 13,120 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its holdings in shares of Travelers Companies by 24.9% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 34,871 shares of the insurance provider’s stock valued at $9,737,000 after buying an additional 6,954 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.1%

TRV opened at $307.42 on Friday. The business has a 50 day moving average price of $299.30 and a 200 day moving average price of $292.77. The Travelers Companies, Inc. has a twelve month low of $249.19 and a twelve month high of $313.12. 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 market cap of $65.37 billion, a P/E ratio of 9.15, a price-to-earnings-growth ratio of 2.77 and a beta of 0.50.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate 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 return on equity of 24.06% and a net margin of 15.54%.The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.91 EPS. Research analysts forecast that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.6%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is presently 13.09%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TRV shares. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. Mizuho reduced their target price on Travelers Companies from $315.00 to $304.00 and set a “neutral” rating for the company in a report on Thursday, January 22nd. Wells Fargo & Company boosted their target price on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a report on Thursday, April 9th. Brean Capital started coverage on Travelers Companies in a report on Thursday, March 12th. They issued a “neutral” rating for the company. Finally, Argus upgraded Travelers Companies to a “strong-buy” rating in a report on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus price target of $309.13.

Insider Buying and Selling

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, the insider directly owned 48,737 shares of the company’s stock, valued at $15,049,010.86. The trade was a 12.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman William H. Heyman sold 1,557 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the transaction, the insider directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 27,573 shares of company stock worth $8,427,646. 1.39% of the stock is currently owned by company insiders.

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.