Robertson Stephens Wealth Management LLC Boosts Stake in The Travelers Companies, Inc. (NYSE:TRV)

Robertson Stephens Wealth Management LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,985 shares of the insurance provider’s stock after purchasing an additional 79 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Travelers Companies were worth $378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of TRV. Clearbridge Investments LLC grew its holdings in Travelers Companies by 15.8% during the third quarter. Clearbridge Investments LLC now owns 4,575,759 shares of the insurance provider’s stock worth $747,267,000 after acquiring an additional 623,974 shares during the period. Northern Trust Corp increased its position in Travelers Companies by 0.9% during the 3rd quarter. Northern Trust Corp now owns 3,431,825 shares of the insurance provider’s stock worth $560,451,000 after purchasing an additional 29,989 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Travelers Companies by 4.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,285,751 shares of the insurance provider’s stock valued at $373,286,000 after acquiring an additional 95,153 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Travelers Companies by 0.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,395,810 shares of the insurance provider’s stock worth $227,950,000 after purchasing an additional 5,584 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in Travelers Companies by 7.2% during the 3rd quarter. Hsbc Holdings PLC now owns 989,962 shares of the insurance provider’s stock worth $162,157,000 after acquiring an additional 66,508 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.2 %

TRV opened at $213.89 on Friday. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The company has a market capitalization of $48.98 billion, a P/E ratio of 15.89, a P/E/G ratio of 1.12 and a beta of 0.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The firm’s fifty day moving average price is $220.96 and its two-hundred day moving average price is $199.82.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing the consensus estimate of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s revenue was up 15.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.11 earnings per share. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.71 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, June 7th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent analyst reports. TD Cowen decreased their price target on Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Raymond James increased their target price on shares of Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Finally, HSBC upped their target price on Travelers Companies from $218.00 to $240.00 and gave the stock a “hold” rating in a research report on Thursday, April 4th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $223.47.

Insider Activity at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The disclosure for this sale can be found here. Insiders have sold a total of 56,635 shares of company stock valued at $12,057,727 in the last 90 days. 1.33% of the stock is owned by corporate insiders.

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.