Ballast Inc. Purchases 151 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Ballast Inc. boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,932 shares of the insurance provider’s stock after purchasing an additional 151 shares during the period. Ballast Inc.’s holdings in Travelers Companies were worth $1,320,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TRV. VisionPoint Advisory Group LLC purchased a new position in shares of Travelers Companies during the second quarter valued at about $26,000. First Command Advisory Services Inc. bought a new position in shares of Travelers Companies in the 3rd quarter worth approximately $26,000. Arlington Trust Co LLC purchased a new position in shares of Travelers Companies in the 3rd quarter valued at approximately $27,000. FWL Investment Management LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $28,000. Finally, Country Trust Bank grew its stake in Travelers Companies by 548.1% in the third quarter. Country Trust Bank now owns 175 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 148 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 0.6 %

Shares of TRV stock opened at $230.14 on Friday. 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 Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $230.87. The stock has a market capitalization of $52.73 billion, a P/E ratio of 17.99, a P/E/G ratio of 1.19 and a beta of 0.58. The firm’s 50 day moving average is $217.79 and its 200 day moving average is $189.99.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, January 19th. The insurance provider reported $7.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.10 by $1.91. Travelers Companies had a return on equity of 13.68% and a net margin of 7.23%. The firm had revenue of $10.93 billion for the quarter, compared to the consensus estimate of $10.18 billion. During the same period last year, the business posted $3.40 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts expect that The Travelers Companies, Inc. will post 17.67 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 8th will be given a dividend of $1.00 per share. The ex-dividend date is Thursday, March 7th. This represents a $4.00 annualized dividend and a yield of 1.74%. Travelers Companies’s dividend payout ratio (DPR) is 31.27%.

Analyst Ratings Changes

Several brokerages have commented on TRV. UBS Group raised their price objective on Travelers Companies from $205.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, January 23rd. TD Cowen assumed coverage on shares of Travelers Companies in a research note on Wednesday, January 10th. They set an “outperform” rating and a $247.00 price objective on the stock. StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Raymond James boosted their price target on Travelers Companies from $220.00 to $245.00 and gave the stock a “strong-buy” rating in a research report on Monday, January 22nd. Finally, HSBC began coverage on Travelers Companies in a research report on Thursday, December 28th. They set a “hold” rating and a $203.00 price objective for the company. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $201.38.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 12,287 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the completion of the sale, the executive vice president now owns 14,080 shares of the company’s stock, valued at approximately $2,966,374.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Travelers Companies news, Vice Chairman William H. Heyman sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $215.06, for a total value of $967,770.00. Following the completion of the transaction, the insider now directly owns 255,178 shares in the company, valued at $54,878,580.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 12,287 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $210.68, for a total transaction of $2,588,625.16. Following the sale, the executive vice president now owns 14,080 shares in the company, valued at $2,966,374.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 109,775 shares of company stock valued at $23,343,903. Insiders own 1.29% of the company’s stock.

Travelers Companies Company 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.