Heck Capital Advisors LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Heck Capital Advisors LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 3,851 shares of the insurance provider’s stock, valued at approximately $928,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. grew its holdings in Travelers Companies by 39.5% during the 3rd quarter. Franklin Resources Inc. now owns 135,957 shares of the insurance provider’s stock worth $32,646,000 after acquiring an additional 38,515 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of Travelers Companies during the second quarter worth about $9,798,000. Orion Portfolio Solutions LLC grew its stake in Travelers Companies by 34.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,144 shares of the insurance provider’s stock worth $4,248,000 after purchasing an additional 4,665 shares in the last quarter. Czech National Bank increased its holdings in Travelers Companies by 6.0% in the fourth quarter. Czech National Bank now owns 49,223 shares of the insurance provider’s stock valued at $11,857,000 after buying an additional 2,792 shares during the last quarter. Finally, Catalyst Capital Advisors LLC acquired a new stake in Travelers Companies during the third quarter valued at approximately $50,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $245.31 on Friday. The firm has a market capitalization of $55.69 billion, a PE ratio of 11.43, a P/E/G ratio of 1.09 and a beta of 0.65. The company has a quick ratio of 0.34, a current ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $247.09 and a 200 day moving average price of $238.23. The Travelers Companies, Inc. has a 52-week low of $200.21 and a 52-week high of $269.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.50 by $2.65. Travelers Companies had a net margin of 10.77% and a return on equity of 19.06%. The business had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period last year, the firm posted $7.01 earnings per share. The business’s revenue was up 9.9% on a year-over-year basis. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 20.6 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Monday, March 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.56%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 3,740 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 10,410 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total value of $2,725,338.00. Following the sale, the executive vice president now directly owns 111,162 shares of the company’s stock, valued at approximately $29,102,211.60. This represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Bank of America boosted their price target on Travelers Companies from $241.00 to $265.00 and gave the company an “underperform” rating in a report on Thursday, October 17th. Keefe, Bruyette & Woods boosted their target price on shares of Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. UBS Group raised their price target on shares of Travelers Companies from $244.00 to $270.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group raised shares of Travelers Companies from a “sell” rating to a “buy” rating and set a $278.00 price objective for the company in a research report on Wednesday, January 8th. Finally, Barclays raised their target price on shares of Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $260.47.

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.