Stonegate Investment Group LLC Invests $3.13 Million in The Travelers Companies, Inc. (NYSE:TRV)

Stonegate Investment Group LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRVGet Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,013 shares of the insurance provider’s stock, valued at approximately $3,131,000.

Other large investors also recently bought and sold shares of the company. Orion Portfolio Solutions LLC boosted its position in shares of Travelers Companies by 21.7% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 1,977 shares of the insurance provider’s stock valued at $300,000 after acquiring an additional 352 shares in the last quarter. Creative Planning boosted its position in shares of Travelers Companies by 15.2% during the 3rd quarter. Creative Planning now owns 41,645 shares of the insurance provider’s stock valued at $6,330,000 after acquiring an additional 5,500 shares in the last quarter. KBC Group NV boosted its position in shares of Travelers Companies by 14.3% during the 3rd quarter. KBC Group NV now owns 62,862 shares of the insurance provider’s stock valued at $9,556,000 after acquiring an additional 7,863 shares in the last quarter. Essex Financial Services Inc. boosted its position in shares of Travelers Companies by 223.5% during the 3rd quarter. Essex Financial Services Inc. now owns 5,179 shares of the insurance provider’s stock valued at $787,000 after acquiring an additional 3,578 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Travelers Companies by 10.2% during the 3rd quarter. Goldman Sachs Group Inc. now owns 726,933 shares of the insurance provider’s stock valued at $110,501,000 after acquiring an additional 67,181 shares in the last quarter. Institutional investors own 83.20% of the company’s stock.

Shares of NYSE TRV traded up $1.24 during midday trading on Tuesday, reaching $175.74. 42,203 shares of the stock were exchanged, compared to its average volume of 1,562,862. The company has a market capitalization of $42.17 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 3.72 and a beta of 0.70. The Travelers Companies, Inc. has a 12 month low of $144.44 and a 12 month high of $187.98. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.34 and a quick ratio of 0.34. The business has a 50-day simple moving average of $178.55 and a two-hundred day simple moving average of $167.81.

Travelers Companies (NYSE:TRVGet Rating) last posted its earnings results on Tuesday, April 19th. The insurance provider reported $4.22 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.61. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.03 billion. Travelers Companies had a return on equity of 13.78% and a net margin of 11.18%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.73 earnings per share. Equities research analysts expect that The Travelers Companies, Inc. will post 13.48 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 10th will be issued a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, June 9th. This is a positive change from Travelers Companies’s previous quarterly dividend of $0.88. This represents a $3.72 annualized dividend and a yield of 2.12%. Travelers Companies’s payout ratio is currently 22.28%.

Several analysts have recently weighed in on the stock. Credit Suisse Group lifted their target price on shares of Travelers Companies from $153.00 to $178.00 in a research report on Tuesday, January 25th. Barclays boosted their price target on shares of Travelers Companies from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 12th. StockNews.com upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Thursday, May 12th. Raymond James upgraded shares of Travelers Companies from an “underperform” rating to a “market perform” rating in a research report on Wednesday, April 20th. Finally, Evercore ISI assumed coverage on shares of Travelers Companies in a research report on Friday, January 21st. They issued a “hold” rating and a $180.00 price target on the stock. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $178.64.

In other news, Vice Chairman William H. Heyman sold 3,013 shares of the business’s stock in a transaction dated Thursday, April 21st. The stock was sold at an average price of $179.19, for a total value of $539,899.47. Following the sale, the insider now directly owns 251,605 shares in the company, valued at $45,085,099.95. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 16,710 shares of the business’s stock in a transaction dated Thursday, April 21st. The shares were sold at an average price of $177.81, for a total value of $2,971,205.10. Following the completion of the sale, the chief financial officer now owns 5,640 shares in the company, valued at $1,002,848.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 43,555 shares of company stock worth $7,679,185. Corporate insiders own 1.07% of the company’s stock.

Travelers Companies Company Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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