The Travelers Companies, Inc. (NYSE:TRV) Position Boosted by Sunbelt Securities Inc.

Sunbelt Securities Inc. raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 264.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,318 shares of the insurance provider’s stock after buying an additional 956 shares during the period. Sunbelt Securities Inc.’s holdings in Travelers Companies were worth $303,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Atlas Capital Advisors LLC grew its stake in shares of Travelers Companies by 65.9% in the 1st quarter. Atlas Capital Advisors LLC now owns 413 shares of the insurance provider’s stock worth $95,000 after purchasing an additional 164 shares during the last quarter. Eagle Rock Investment Company LLC raised its holdings in shares of Travelers Companies by 0.5% during the first quarter. Eagle Rock Investment Company LLC now owns 16,353 shares of the insurance provider’s stock worth $3,763,000 after acquiring an additional 88 shares in the last quarter. West Coast Financial LLC raised its stake in shares of Travelers Companies by 25.0% during the 1st quarter. West Coast Financial LLC now owns 1,511 shares of the insurance provider’s stock worth $348,000 after purchasing an additional 302 shares in the last quarter. Charles Schwab Trust Co acquired a new stake in Travelers Companies in the first quarter valued at approximately $230,000. Finally, Unison Advisors LLC lifted its stake in shares of Travelers Companies by 0.8% in the 1st quarter. Unison Advisors LLC now owns 15,098 shares of the insurance provider’s stock valued at $3,475,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares of the company’s stock, valued at $1,298,106. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Travelers Companies news, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction 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 approximately $1,298,106. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated 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 sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is owned by insiders.

Travelers Companies Stock Up 0.6 %

NYSE:TRV opened at $206.96 on Friday. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. 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 stock has a market cap of $47.39 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.09 and a beta of 0.62. The stock has a 50-day moving average price of $212.76 and a two-hundred day moving average price of $211.21.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion during 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 company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.11 earnings per share. As a group, equities analysts expect that The Travelers Companies, Inc. will post 17.59 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm 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 $1.05 dividend. The ex-dividend date is Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.03%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TRV shares. Jefferies Financial Group decreased their price target on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a report on Friday, April 19th. JPMorgan Chase & Co. increased their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Piper Sandler reissued a “neutral” rating and set a $213.00 price target on shares of Travelers Companies in a report on Monday, April 1st. TD Cowen reduced their price objective on Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research note on Tuesday, April 23rd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research note on Thursday, April 18th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $222.65.

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.