World Investment Advisors Purchases 1,820 Shares of The Travelers Companies, Inc. $TRV

World Investment Advisors increased its position in The Travelers Companies, Inc. (NYSE:TRV) by 65.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,588 shares of the insurance provider’s stock after acquiring an additional 1,820 shares during the period. World Investment Advisors’ holdings in Travelers Companies were worth $1,331,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $26,000. Osterweis Capital Management Inc. lifted its holdings in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new position in Travelers Companies in the fourth quarter valued at approximately $28,000. Entrust Financial LLC bought a new position in Travelers Companies in the fourth quarter valued at approximately $31,000. Finally, Navalign LLC bought a new position in Travelers Companies in the fourth quarter valued at approximately $35,000. 82.45% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 6,735 shares of Travelers Companies stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total value of $2,079,633.30. Following the transaction, the insider owned 48,737 shares of the company’s stock, valued at approximately $15,049,010.86. The trade was a 12.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction 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. This trade represents a 18.14% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TRV. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research report on Friday, May 8th. Wells Fargo & Company raised their price target on Travelers Companies from $285.00 to $305.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 9th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. Finally, Evercore reissued an “outperform” rating on shares of Travelers Companies in a research note on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $309.07.

Travelers Companies Stock Performance

TRV stock opened at $307.48 on Friday. The business’s 50-day moving average price is $301.35 and its two-hundred day moving average price is $294.99. 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 has a market cap of $65.39 billion, a PE ratio of 9.15, a P/E/G ratio of 2.78 and a beta of 0.48. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12.

Travelers Companies (NYSE:TRV) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.91 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio is 14.88%.

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.