EP Wealth Advisors LLC Makes New $488,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

EP Wealth Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,563 shares of the insurance provider’s stock, valued at approximately $488,000.

Other institutional investors have also recently bought and sold shares of the company. Johnson Investment Counsel Inc. boosted its position in Travelers Companies by 29.0% during the 4th quarter. Johnson Investment Counsel Inc. now owns 4,614 shares of the insurance provider’s stock worth $879,000 after acquiring an additional 1,037 shares during the period. Focus Financial Network Inc. ADV acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $1,973,000. Dynamic Advisor Solutions LLC lifted its holdings in shares of Travelers Companies by 124.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock valued at $2,660,000 after buying an additional 7,649 shares during the last quarter. Bank of Nova Scotia lifted its holdings in shares of Travelers Companies by 552.8% during the 4th quarter. Bank of Nova Scotia now owns 166,059 shares of the insurance provider’s stock valued at $31,631,000 after buying an additional 140,622 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $2,201,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders sold 18,635 shares of company stock worth $3,980,827 over the last three months. 1.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TRV. Citigroup lifted their price target on Travelers Companies from $215.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Jefferies Financial Group reduced their target price on Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Monday, June 10th. Keefe, Bruyette & Woods reduced their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. Finally, Royal Bank of Canada reduced their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $222.65.

Travelers Companies Stock Performance

TRV opened at $208.51 on Wednesday. The stock has a market cap of $47.75 billion, a PE ratio of 15.49, a P/E/G ratio of 1.06 and a beta of 0.62. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The stock’s 50 day simple moving average is $213.97 and its 200-day simple moving average is $210.28.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion for the quarter, compared to the consensus estimate of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.11 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.86 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 2.01%. The ex-dividend date is Monday, June 10th. Travelers Companies’s dividend payout ratio is currently 31.20%.

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.