Americana Partners LLC Acquires New Stake in The Travelers Companies, Inc. $TRV

Americana Partners LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, HoldingsChannel reports. The firm acquired 4,481 shares of the insurance provider’s stock, valued at approximately $1,300,000.

Several other institutional investors have also bought and sold shares of TRV. FourThought Financial Partners LLC raised its holdings in Travelers Companies by 12.8% during the 4th quarter. FourThought Financial Partners LLC now owns 936 shares of the insurance provider’s stock valued at $271,000 after acquiring an additional 106 shares during the period. Mach 1 Financial Group LLC bought a new position in shares of Travelers Companies in the fourth quarter worth $293,000. Fi3 FINANCIAL ADVISORS LLC bought a new position in Travelers Companies in the fourth quarter valued at $221,000. Leonteq Securities AG bought a new position in Travelers Companies in the fourth quarter valued at $66,000. Finally, ABN Amro Investment Solutions increased its stake in Travelers Companies by 217.7% in the fourth quarter. ABN Amro Investment Solutions now owns 11,333 shares of the insurance provider’s stock valued at $3,287,000 after acquiring an additional 7,766 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.1%

Shares of TRV stock opened at $306.67 on Monday. The Travelers Companies, Inc. has a 12-month low of $249.19 and a 12-month high of $313.12. 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 firm’s 50 day moving average is $299.45 and its 200 day moving average is $293.05. The stock has a market capitalization of $65.21 billion, a P/E ratio of 9.12, a P/E/G ratio of 2.76 and a beta of 0.50.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (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 analysts’ expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the company posted $1.91 earnings per share. Research analysts expect that The Travelers Companies, Inc. will post 28.03 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is 13.09%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction on Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares in the company, valued at $1,853,239.50. This trade represents a 51.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction on Monday, April 20th. The stock was sold at an average price of $303.45, for a total transaction of $869,991.15. Following the transaction, the executive vice president owned 5,298 shares in the company, valued at $1,607,678.10. This represents a 35.11% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 27,573 shares of company stock worth $8,427,646. Insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on TRV. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a research report on Monday, April 20th. Cantor Fitzgerald raised their price objective on shares of Travelers Companies from $316.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, February 2nd. Evercore restated an “outperform” rating on shares of Travelers Companies in a report on Friday, April 17th. Brean Capital initiated coverage on shares of Travelers Companies in a research note on Thursday, March 12th. They set a “neutral” rating for the company. Finally, Wells Fargo & Company raised 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. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $309.13.

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.