Cvfg LLC Purchases Shares of 21,041 The Travelers Companies, Inc. $TRV

Cvfg LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, Holdings Channel reports. The fund purchased 21,041 shares of the insurance provider’s stock, valued at approximately $6,137,000.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after acquiring an additional 110,311 shares during the last quarter. State Street Corp boosted its position in Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after purchasing an additional 486,861 shares during the last quarter. Morgan Stanley grew its stake in Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after purchasing an additional 85,298 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Travelers Companies by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,361,112 shares of the insurance provider’s stock worth $974,993,000 after purchasing an additional 81,497 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Travelers Companies during the 4th quarter worth approximately $723,339,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In related 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 transaction of $2,079,633.30. Following the completion of the sale, the insider directly owned 48,737 shares of the company’s stock, valued at approximately $15,049,010.86. This trade represents a 12.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,573 shares of company stock valued at $11,504,146 in the last 90 days. Corporate insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Evercore reissued an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Wells Fargo & Company increased their price target on shares of Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Raymond James Financial restated a “strong-buy” rating on shares of Travelers Companies in a research note on Monday. Finally, Bank of America dropped their target price on shares of Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $318.94.

Travelers Companies Stock Performance

NYSE TRV opened at $343.69 on Wednesday. The firm has a 50-day moving average of $308.23 and a 200-day moving average of $298.86. 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 stock has a market cap of $73.09 billion, a PE ratio of 10.23, a P/E/G ratio of 3.06 and a beta of 0.46. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $349.35.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. The business had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. Travelers Companies’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.91 EPS. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 28.02 EPS for the current year.

Travelers Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th were given a $1.25 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is currently 14.88%.

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.