Fidelis Capital Partners LLC Purchases 1,753 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Fidelis Capital Partners LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 163.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,828 shares of the insurance provider’s stock after purchasing an additional 1,753 shares during the period. Fidelis Capital Partners LLC’s holdings in Travelers Companies were worth $733,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its holdings in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Ameriflex Group Inc. bought a new position in Travelers Companies during the 4th quarter worth about $26,000. Putney Financial Group LLC bought a new position in Travelers Companies during the 4th quarter worth about $26,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies during the 4th quarter worth about $30,000. Finally, Wood Tarver Financial Group LLC bought a new position in shares of Travelers Companies in the 4th quarter valued at about $33,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the transaction, the chief financial officer owned 26,932 shares in the company, valued at $7,365,363.36. This trade represents a 42.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Avrohom J. Kess sold 23,434 shares of the firm’s stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the transaction, the insider owned 48,387 shares in the company, valued at approximately $13,254,650.91. This trade represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,869 shares of company stock worth $44,868,201. 1.46% of the stock is currently owned by insiders.

Travelers Companies Stock Performance

NYSE:TRV opened at $254.26 on Friday. The stock has a market cap of $57.43 billion, a P/E ratio of 13.84, a PEG ratio of 3.75 and a beta of 0.51. The stock has a 50 day simple moving average of $267.10 and a 200 day simple moving average of $255.71. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The Travelers Companies, Inc. has a 1-year low of $202.95 and a 1-year high of $277.83.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping the consensus estimate of $0.53 by $1.38. The business had revenue of $10.52 billion during the quarter, compared to analysts’ expectations of $10.97 billion. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. During the same period last year, the firm posted $4.69 EPS. Research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Tuesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio (DPR) is 23.95%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRV. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the company an “equal weight” rating in a report on Monday, May 19th. Evercore ISI raised their price objective on Travelers Companies from $288.00 to $296.00 and gave the company an “outperform” rating in a report on Thursday, April 17th. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Monday, March 24th. JPMorgan Chase & Co. upped their price objective on Travelers Companies from $260.00 to $271.00 and gave the company an “underweight” rating in a research note on Tuesday, April 8th. Finally, 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 research report on Monday, July 7th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $271.00.

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.