Charles Schwab Investment Management Inc. Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

Charles Schwab Investment Management Inc. raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.9% during the 4th quarter, Holdings Channel reports. The fund owned 1,435,924 shares of the insurance provider’s stock after purchasing an additional 40,114 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Travelers Companies were worth $273,529,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. First Command Advisory Services Inc. purchased a new stake in Travelers Companies during the third quarter valued at approximately $26,000. AM Squared Ltd raised its holdings in Travelers Companies by 100.0% during the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock valued at $33,000 after buying an additional 100 shares during the period. Valued Wealth Advisors LLC bought a new stake in Travelers Companies in the fourth quarter worth $40,000. OLD Second National Bank of Aurora purchased a new position in Travelers Companies during the fourth quarter worth $41,000. Finally, Operose Advisors LLC purchased a new stake in shares of Travelers Companies in the third quarter valued at $43,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Up 0.2 %

Shares of TRV stock opened at $217.34 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The firm has a market capitalization of $49.77 billion, a PE ratio of 16.15, a P/E/G ratio of 1.11 and a beta of 0.60. The stock’s 50-day simple moving average is $220.64 and its 200-day simple moving average is $201.34.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.11 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be given a dividend of $1.05 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of 1.93%. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Daniel S. Frey sold 5,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $212.90, for a total transaction of $1,064,500.00. Following the sale, the chief financial officer now directly owns 18,515 shares in the company, valued at approximately $3,941,843.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,635 shares of company stock worth $3,980,827. Insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TRV. Roth Mkm reaffirmed a “buy” rating and set a $240.00 price target on shares of Travelers Companies in a research note on Thursday, April 18th. Morgan Stanley increased their price target on Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a report on Monday, April 15th. UBS Group dropped their price objective on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. JMP Securities reiterated a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Finally, Royal Bank of Canada cut their price target on shares of Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $223.47.

About Travelers Companies

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.