Cynosure Group LLC Invests $477,000 in The Travelers Companies, Inc. $TRV

Cynosure Group LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,644 shares of the insurance provider’s stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Travelers Companies by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after purchasing an additional 110,311 shares in the last quarter. State Street Corp lifted its stake in shares of Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after acquiring an additional 486,861 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Travelers Companies by 1.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider’s stock valued at $2,162,917,000 after acquiring an additional 119,481 shares during the last quarter. Morgan Stanley lifted its stake in shares of Travelers Companies by 2.3% in the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after acquiring an additional 85,298 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Travelers Companies by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,361,112 shares of the insurance provider’s stock valued at $974,993,000 after acquiring an additional 81,497 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TRV has been the subject of a number of recent research reports. BMO Capital Markets boosted their target price on Travelers Companies from $297.00 to $314.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Piper Sandler boosted their target price on Travelers Companies from $329.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Barclays lowered Travelers Companies from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $331.00 to $295.00 in a research note on Friday. Brean Capital initiated coverage on Travelers Companies in a research note on Thursday, March 12th. They issued a “neutral” rating for the company. Finally, JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $309.07.

Travelers Companies Trading Up 0.4%

TRV opened at $307.78 on Wednesday. The business has a 50 day simple moving average of $300.75 and a two-hundred day simple moving average of $294.73. The firm has a market capitalization of $65.45 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 2.76 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $313.12.

Travelers Companies (NYSE:TRV) last released 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 during the quarter, compared to analyst estimates of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.Travelers Companies’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.91 EPS. Analysts predict that The Travelers Companies, Inc. will post 28 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 dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is currently 14.88%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 2,867 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the completion of the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at $1,607,678.10. This represents a 35.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president directly owned 6,075 shares of the company’s stock, valued at $1,853,239.50. The trade was a 51.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,573 shares of company stock worth $11,504,146 over the last three months. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Company 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.