MCF Advisors LLC Grows Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

MCF Advisors LLC raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 53.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 203 shares of the insurance provider’s stock after acquiring an additional 71 shares during the quarter. MCF Advisors LLC’s holdings in Travelers Companies were worth $47,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwest Financial Advisors acquired a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $32,000. Opal Wealth Advisors LLC acquired a new stake in Travelers Companies during the 1st quarter valued at $42,000. Private Wealth Management Group LLC purchased a new position in Travelers Companies during the fourth quarter worth $39,000. Valued Wealth Advisors LLC acquired a new position in shares of Travelers Companies in the fourth quarter worth $40,000. Finally, OLD Second National Bank of Aurora purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $41,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.7 %

Shares of TRV stock opened at $203.34 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The firm’s 50 day moving average price is $212.47 and its two-hundred day moving average price is $211.52. The stock has a market cap of $46.56 billion, a price-to-earnings ratio of 15.11, a price-to-earnings-growth ratio of 1.08 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last posted 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). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to analyst estimates of $10.62 billion. During the same quarter in the previous year, the firm posted $4.11 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.59 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Oppenheimer reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Friday. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday. Finally, Citigroup restated a “sell” rating and set a $200.00 price objective (down previously from $226.00) on shares of Travelers Companies in a report on Friday. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $221.12.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction dated 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 sale, the chief financial officer now directly owns 18,515 shares in the company, valued at $3,941,843.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,635 shares of company stock worth $3,980,827. 1.33% of the stock is currently owned by company insiders.

Travelers Companies 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.