Keystone Financial Group Inc. Buys New Position in The Travelers Companies, Inc. (NYSE:TRV)

Keystone Financial Group Inc. purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, Holdings Channel reports. The firm purchased 1,140 shares of the insurance provider’s stock, valued at approximately $275,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. FMR LLC grew its holdings in Travelers Companies by 12.6% in the 3rd quarter. FMR LLC now owns 14,048,691 shares of the insurance provider’s stock valued at $3,289,079,000 after buying an additional 1,568,909 shares during the period. International Assets Investment Management LLC grew its holdings 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 worth $121,811,000 after purchasing an additional 518,075 shares during the period. Bank of Montreal Can grew its holdings 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 worth $166,645,000 after purchasing an additional 282,884 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Travelers Companies during the 3rd quarter worth about $54,988,000. Finally, Janus Henderson Group PLC grew its holdings 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 worth $79,582,000 after purchasing an additional 232,428 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, Vice Chairman William H. Heyman sold 3,740 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $264.80, for a total value of $990,352.00. Following the completion of the sale, the insider now directly owns 250,384 shares of the company’s stock, valued at approximately $66,301,683.20. This represents a 1.47 % decrease in their position. The sale was disclosed in a legal 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 dated 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 $29,102,211.60. This trade represents a 8.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Trading Up 0.5 %

NYSE:TRV opened at $247.48 on Friday. The Travelers Companies, Inc. has a 1 year low of $200.21 and a 1 year high of $269.55. The stock has a market cap of $56.18 billion, a price-to-earnings ratio of 11.53, a PEG ratio of 1.07 and a beta of 0.64. The business has a fifty day moving average of $245.62 and a 200-day moving average of $239.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, January 22nd. The insurance provider reported $9.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.50 by $2.65. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company had revenue of $12.01 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the prior year, the business posted $7.01 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts predict that The Travelers Companies, Inc. will post 20.6 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $4.20 annualized dividend and a yield of 1.70%. Travelers Companies’s dividend payout ratio is currently 19.56%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $268.00 target price (down previously from $273.00) on shares of Travelers Companies in a report on Thursday, January 23rd. Barclays boosted their target price on Travelers Companies from $278.00 to $287.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $268.00 to $275.00 and gave the stock a “market perform” rating in a research report on Monday, January 27th. Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research report on Thursday, November 21st. Finally, UBS Group upped their target price on Travelers Companies from $244.00 to $270.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $260.47.

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.