344 Shares in The Travelers Companies, Inc. $TRV Bought by CKW Financial Group

CKW Financial Group bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 1st quarter, HoldingsChannel.com reports. The firm bought 344 shares of the insurance provider’s stock, valued at approximately $91,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UniSuper Management Pty Ltd lifted its position in Travelers Companies by 2.3% in the first quarter. UniSuper Management Pty Ltd now owns 17,904 shares of the insurance provider’s stock worth $4,735,000 after purchasing an additional 405 shares during the period. Plancorp LLC lifted its position in Travelers Companies by 10.1% in the first quarter. Plancorp LLC now owns 1,361 shares of the insurance provider’s stock worth $360,000 after purchasing an additional 125 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in Travelers Companies by 0.8% in the first quarter. Nissay Asset Management Corp Japan ADV now owns 28,362 shares of the insurance provider’s stock worth $7,501,000 after purchasing an additional 233 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Travelers Companies by 168.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,278 shares of the insurance provider’s stock worth $36,568,000 after purchasing an additional 86,689 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its position in Travelers Companies by 4.4% in the first quarter. Integrated Wealth Concepts LLC now owns 7,107 shares of the insurance provider’s stock worth $1,879,000 after purchasing an additional 297 shares during the period. 82.45% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on TRV. Wells Fargo & Company raised their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Barclays cut Travelers Companies from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $280.00 to $274.00 in a report on Monday, July 7th. Finally, UBS Group lifted their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and an average price target of $284.56.

Travelers Companies Stock Performance

Travelers Companies stock opened at $275.37 on Friday. The stock has a 50-day simple moving average of $264.94 and a 200 day simple moving average of $262.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70. The stock has a market capitalization of $61.99 billion, a price-to-earnings ratio of 12.18, a P/E/G ratio of 3.16 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same period in the previous year, the business posted $2.51 earnings per share. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s payout ratio is currently 19.46%.

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.