Atomi Financial Group Inc. Buys 343 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Atomi Financial Group Inc. raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,785 shares of the insurance provider’s stock after acquiring an additional 343 shares during the period. Atomi Financial Group Inc.’s holdings in Travelers Companies were worth $671,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TRV. FMR LLC increased its position in shares of Travelers Companies by 12.6% during the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after purchasing an additional 1,568,909 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Travelers Companies by 23,378.8% during the 3rd quarter. International Assets Investment Management LLC now owns 520,291 shares of the insurance provider’s stock valued at $121,811,000 after purchasing an additional 518,075 shares during the last quarter. Bank of Montreal Can increased its position in shares of Travelers Companies by 66.9% during the 3rd quarter. Bank of Montreal Can now owns 705,793 shares of the insurance provider’s stock valued at $166,645,000 after purchasing an additional 282,884 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at about $54,988,000. Finally, Janus Henderson Group PLC increased its position in shares of Travelers Companies by 216.3% during the 3rd quarter. Janus Henderson Group PLC now owns 339,901 shares of the insurance provider’s stock valued at $79,582,000 after purchasing an additional 232,428 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the completion of the sale, the executive vice president now owns 111,162 shares of the company’s stock, valued at $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman William H. Heyman sold 3,740 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the transaction, the insider now directly owns 250,384 shares of the company’s stock, valued at $66,301,683.20. The trade was a 1.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,670 shares of company stock valued at $4,861,329. 1.33% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TRV has been the subject of several research reports. Bank of America upped their price target on shares of Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a research report on Thursday, October 17th. Janney Montgomery Scott downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a report on Thursday, November 21st. Keefe, Bruyette & Woods dropped their price target on shares of Travelers Companies from $273.00 to $268.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. BMO Capital Markets upped their price target on shares of Travelers Companies from $233.00 to $270.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $255.53.

Travelers Companies Stock Performance

NYSE:TRV opened at $241.75 on Friday. The stock’s fifty day moving average is $248.61 and its 200 day moving average is $236.77. The Travelers Companies, Inc. has a fifty-two week low of $200.21 and a fifty-two week high of $269.55. The firm has a market capitalization of $54.88 billion, a PE ratio of 12.40, a PEG ratio of 1.05 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRV) last released its earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. Travelers Companies had a return on equity of 17.69% and a net margin of 10.02%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $10,795,375 billion. During the same quarter last year, the firm posted $7.01 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 19 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, March 10th. Travelers Companies’s payout ratio is 21.54%.

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.