Cynosure Group LLC Buys Shares of 1,644 The Travelers Companies, Inc. $TRV

Cynosure Group LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 1,644 shares of the insurance provider’s stock, valued at approximately $477,000.

Other institutional investors have also added to or reduced their stakes in the company. Osterweis Capital Management Inc. lifted its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $28,000. Entrust Financial LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $31,000. Wilkerson Advisory Group LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $35,000. Finally, Navalign LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $35,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 6,414 shares of the company’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $305.06, for a total value 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 approximately $1,853,239.50. This represents a 51.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 37,573 shares of company stock valued at $11,504,146 over the last 90 days. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $307.78 on Wednesday. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12. The business has a 50-day simple moving average of $300.75 and a 200 day simple moving average of $294.73. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market cap of $65.45 billion, a price-to-earnings ratio of 9.16, a PEG ratio of 2.76 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its 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. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the business earned $1.91 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. On average, research analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal 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 given a dividend of $1.25 per share. The ex-dividend date is Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

Analysts Set New Price Targets

TRV has been the topic of a number of recent research reports. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a report on Friday, May 8th. Brean Capital assumed coverage on Travelers Companies in a report on Thursday, March 12th. They set a “neutral” rating on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Monday, April 20th. Two 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $309.07.

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.