Atlas Capital Advisors Inc. Acquires Shares of 3,197 The Travelers Companies, Inc. $TRV

Atlas Capital Advisors Inc. acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,197 shares of the insurance provider’s stock, valued at approximately $927,000.

Several other institutional investors have also bought and sold shares of the business. Aptus Capital Advisors LLC lifted its position in Travelers Companies by 11.5% during the fourth quarter. Aptus Capital Advisors LLC now owns 7,323 shares of the insurance provider’s stock valued at $2,124,000 after purchasing an additional 753 shares during the last quarter. Jacobi Capital Management LLC raised its stake in shares of Travelers Companies by 0.6% in the fourth quarter. Jacobi Capital Management LLC now owns 8,461 shares of the insurance provider’s stock valued at $2,454,000 after acquiring an additional 54 shares during the period. CreativeOne Wealth LLC raised its stake in shares of Travelers Companies by 60.8% in the fourth quarter. CreativeOne Wealth LLC now owns 1,153 shares of the insurance provider’s stock valued at $334,000 after acquiring an additional 436 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Travelers Companies by 42.6% in the fourth quarter. Kestra Advisory Services LLC now owns 50,988 shares of the insurance provider’s stock valued at $14,790,000 after acquiring an additional 15,234 shares during the period. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Travelers Companies by 0.9% in the fourth quarter. Transamerica Financial Advisors LLC now owns 4,627 shares of the insurance provider’s stock valued at $1,342,000 after acquiring an additional 42 shares during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.1%

TRV stock opened at $304.62 on Monday. The company has a market capitalization of $64.78 billion, a PE ratio of 9.06, a P/E/G ratio of 2.75 and a beta of 0.48. The Travelers Companies, Inc. has a 12 month low of $249.19 and a 12 month high of $313.12. The firm’s 50-day moving average is $300.22 and its 200 day moving average is $294.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results 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 company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm’s revenue was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.91 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 28 EPS for the current year.

Travelers Companies Increases Dividend

The business also recently declared 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 represents a $5.00 annualized dividend and a yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s payout ratio is 14.88%.

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent analyst reports. Barclays downgraded shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $331.00 to $295.00 in a research note on Friday. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their target price for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research note on Monday, April 20th. Wells Fargo & Company increased their target price on shares of Travelers Companies from $285.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, April 9th. Finally, Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $309.07.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the transaction, the executive vice president directly owned 6,075 shares in the company, valued at $1,853,239.50. This represents a 51.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,573 shares of company stock worth $11,504,146 over the last ninety days. 1.39% of the stock is owned by insiders.

Travelers Companies Company Profile

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.