Pointe Capital Management LLC Makes New $210,000 Investment in The Travelers Companies, Inc. (NYSE:TRV)

Pointe Capital Management LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 1,100 shares of the insurance provider’s stock, valued at approximately $210,000.

Several other institutional investors also recently made changes to their positions in the stock. TCG Advisory Services LLC increased its position in shares of Travelers Companies by 85.9% in the fourth quarter. TCG Advisory Services LLC now owns 2,690 shares of the insurance provider’s stock valued at $512,000 after buying an additional 1,243 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in Travelers Companies by 4.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 8,140 shares of the insurance provider’s stock valued at $1,551,000 after acquiring an additional 362 shares in the last quarter. AJOVista LLC acquired a new position in Travelers Companies during the fourth quarter worth about $88,000. Baxter Bros Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at about $223,000. Finally, Axxcess Wealth Management LLC grew its position in shares of Travelers Companies by 49.9% in the fourth quarter. Axxcess Wealth Management LLC now owns 4,274 shares of the insurance provider’s stock valued at $814,000 after purchasing an additional 1,422 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, April 27th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a research report on Monday, April 8th. JMP Securities restated a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. TD Cowen cut their price objective on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating for the company in a research report on Tuesday, April 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average target price of $223.47.

Travelers Companies Stock Down 0.2 %

Shares of NYSE TRV traded down $0.52 during trading on Friday, reaching $213.85. 1,298,445 shares of the stock were exchanged, compared to its average volume of 1,525,222. The business’s 50-day moving average price is $220.82 and its 200 day moving average price is $200.14. The company has a market capitalization of $48.97 billion, a price-to-earnings ratio of 15.89, a price-to-earnings-growth ratio of 1.12 and a beta of 0.60. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same period in the previous year, the company earned $4.11 earnings per share. The business’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.71 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Friday, June 7th. Travelers Companies’s dividend payout ratio is 31.20%.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares in the company, valued at approximately $3,147,865.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,877,860.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total value of $8,076,900.00. Following the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 56,635 shares of company stock worth $12,057,727. Insiders own 1.33% of the company’s stock.

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.