LVW Advisors LLC Raises Holdings in The Travelers Companies, Inc. (NYSE:TRV)

LVW Advisors LLC lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 10.8% in the first quarter, HoldingsChannel reports. The firm owned 2,938 shares of the insurance provider’s stock after acquiring an additional 286 shares during the period. LVW Advisors LLC’s holdings in Travelers Companies were worth $676,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after purchasing an additional 148,012 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Travelers Companies by 5.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after purchasing an additional 154,886 shares in the last quarter. Norges Bank purchased a new position in shares of Travelers Companies during the 4th quarter worth approximately $282,593,000. Charles Schwab Investment Management Inc. increased its stake in shares of Travelers Companies by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock worth $273,529,000 after purchasing an additional 40,114 shares in the last quarter. Finally, Boston Partners grew its stake in Travelers Companies by 42.5% in the 4th quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after acquiring an additional 355,489 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on TRV. UBS Group lowered their target price on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research note on Monday, April 8th. Morgan Stanley lifted their target price on shares of Travelers Companies from $214.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Citigroup reaffirmed a “sell” rating and issued a $200.00 target price (down from $226.00) on shares of Travelers Companies in a research note on Friday. Finally, Evercore ISI lowered their target price on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $221.12.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Daniel S. Frey sold 5,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The shares were 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 owns 18,515 shares of the company’s stock, valued at approximately $3,941,843.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s 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 completion of 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. Insiders have sold 18,635 shares of company stock worth $3,980,827 in the last quarter. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

NYSE:TRV opened at $202.97 on Tuesday. 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 firm has a market capitalization of $46.48 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.08 and a beta of 0.61. The firm’s fifty day simple moving average is $212.47 and its 200 day simple moving average is $211.70. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75.

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. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 17.59 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

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

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.