Allstate Corp Buys 9,475 Shares of The Travelers Companies, Inc. $TRV

Allstate Corp lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 115.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,668 shares of the insurance provider’s stock after acquiring an additional 9,475 shares during the period. Allstate Corp’s holdings in Travelers Companies were worth $5,125,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Chicago Partners Investment Group LLC boosted its holdings in shares of Travelers Companies by 1.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 1,949 shares of the insurance provider’s stock worth $541,000 after acquiring an additional 36 shares during the period. Greenleaf Trust boosted its stake in Travelers Companies by 0.4% during the fourth quarter. Greenleaf Trust now owns 10,036 shares of the insurance provider’s stock valued at $2,911,000 after buying an additional 37 shares during the period. Allegiance Financial Group Advisory Services LLC boosted its stake in Travelers Companies by 3.4% during the fourth quarter. Allegiance Financial Group Advisory Services LLC now owns 1,130 shares of the insurance provider’s stock valued at $328,000 after buying an additional 37 shares during the period. CYBER HORNET ETFs LLC boosted its stake in Travelers Companies by 6.0% during the fourth quarter. CYBER HORNET ETFs LLC now owns 656 shares of the insurance provider’s stock valued at $190,000 after buying an additional 37 shares during the period. Finally, Ibex Wealth Advisors boosted its stake in Travelers Companies by 1.4% during the third quarter. Ibex Wealth Advisors now owns 2,889 shares of the insurance provider’s stock valued at $807,000 after buying an additional 40 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 0.4%

TRV opened at $305.21 on Wednesday. The company has a market cap of $64.90 billion, a P/E ratio of 9.08, a P/E/G ratio of 2.76 and a beta of 0.50. The business’s 50-day moving average price is $299.60 and its 200-day moving average price is $293.46. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. The firm had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.91 earnings per share. On average, equities analysts expect that The Travelers Companies, Inc. will post 28.03 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s payout ratio is 14.88%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research note on Tuesday. Brean Capital initiated coverage on Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating on the stock. Citigroup restated a “neutral” rating on shares of Travelers Companies in a research report on Tuesday, January 27th. UBS Group restated a “neutral” rating on shares of Travelers Companies in a research report on Monday, February 2nd. Finally, Barclays raised their price target on Travelers Companies from $312.00 to $331.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $311.47.

Insider Buying and Selling

In related news, insider Avrohom J. Kess sold 6,735 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $308.78, for a total value of $2,079,633.30. Following the sale, the insider directly owned 48,737 shares of the company’s stock, valued at $15,049,010.86. This trade represents a 12.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 1,557 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the completion of the sale, the insider directly owned 259,590 shares in the company, valued at $80,639,037.60. The trade was a 0.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 27,573 shares of company stock valued at $8,427,646 over the last ninety days. Corporate insiders own 1.39% of the company’s stock.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.