Renaissance Group LLC Invests $287,000 in The Travelers Companies, Inc. (NYSE:TRV)

Renaissance Group LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,508 shares of the insurance provider’s stock, valued at approximately $287,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Grimes & Company Inc. boosted its stake in shares of Travelers Companies by 2.2% in the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after buying an additional 53 shares in the last quarter. Slow Capital Inc. boosted its position in shares of Travelers Companies by 0.3% during the 4th quarter. Slow Capital Inc. now owns 18,115 shares of the insurance provider’s stock worth $3,451,000 after purchasing an additional 53 shares in the last quarter. Hexagon Capital Partners LLC grew its stake in shares of Travelers Companies by 25.5% during the 4th quarter. Hexagon Capital Partners LLC now owns 295 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 60 shares during the period. Schmidt P J Investment Management Inc. increased its holdings in shares of Travelers Companies by 4.0% in the 4th quarter. Schmidt P J Investment Management Inc. now owns 1,605 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 61 shares in the last quarter. Finally, Vestor Capital LLC lifted its stake in shares of Travelers Companies by 19.8% in the fourth quarter. Vestor Capital LLC now owns 393 shares of the insurance provider’s stock valued at $75,000 after purchasing an additional 65 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on TRV shares. The Goldman Sachs Group increased their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a report on Friday, April 12th. Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 5th. Evercore ISI decreased their target price on Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, April 18th. Citigroup raised their price target on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a report on Monday, April 8th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $222.65.

Travelers Companies Trading Up 0.4 %

TRV traded up $0.86 during trading on Wednesday, hitting $217.11. 65,457 shares of the company’s stock were exchanged, compared to its average volume of 1,398,545. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The stock has a 50 day moving average price of $220.20 and a 200 day moving average price of $205.05. The firm has a market cap of $49.72 billion, a P/E ratio of 16.07, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period last year, the company posted $4.11 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 17.85 EPS for the current fiscal 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 issued a dividend of $1.05 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 1.93%. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 29.72%.

Insider Buying and Selling

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Travelers Companies news, 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 completion of the sale, the chief financial officer now owns 18,515 shares in the company, valued at approximately $3,941,843.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the completion of the transaction, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,635 shares of company stock valued at $3,980,827. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Company Profile

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.