Marble Wealth LLC Takes Position in The Travelers Companies, Inc. $TRV

Marble Wealth LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,509 shares of the insurance provider’s stock, valued at approximately $1,018,000.

Other hedge funds have also added to or reduced their stakes in the company. Arbejdsmarkedets Tillaegspension acquired a new stake in Travelers Companies during the 4th quarter worth approximately $24,167,000. Varma Mutual Pension Insurance Co lifted its holdings in 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 worth $13,472,000 after purchasing an additional 8,600 shares during the last quarter. Peregrine Asset Advisers Inc. acquired a new stake in Travelers Companies during the 3rd quarter worth approximately $7,955,000. Elo Mutual Pension Insurance Co lifted its holdings in 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 worth $9,737,000 after purchasing an additional 6,954 shares during the last quarter. Finally, Rit Capital Partners PLC acquired a new stake in Travelers Companies during the 4th quarter worth approximately $39,450,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 1.2%

Shares of TRV opened at $292.43 on Wednesday. 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 Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12. The firm has a market cap of $62.19 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 2.61 and a beta of 0.48. The business’s fifty day moving average is $298.97 and its 200-day moving average is $293.82.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the previous year, the firm earned $1.91 EPS. Travelers Companies’s revenue was down 1.7% on a year-over-year basis. Equities analysts anticipate that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. Travelers Companies’s payout ratio is presently 13.09%.

Insider Activity at Travelers Companies

In other news, insider Avrohom J. Kess sold 6,735 shares of the business’s stock in a transaction 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 transaction, the insider owned 48,737 shares of the company’s stock, valued at approximately $15,049,010.86. The trade was a 12.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,573 shares of company stock worth $11,504,146 in the last three months. Insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Brean Capital assumed coverage on Travelers Companies in a report on Thursday, March 12th. They set a “neutral” rating for the company. BMO Capital Markets lifted their price objective on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Bank of America dropped their price objective on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $311.47.

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.