Cullinan Associates Inc. Has $7.86 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Cullinan Associates Inc. grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 159.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,164 shares of the insurance provider’s stock after buying an additional 21,014 shares during the quarter. Cullinan Associates Inc.’s holdings in Travelers Companies were worth $7,863,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Northwest Financial Advisors acquired a new stake in shares of Travelers Companies during the 4th quarter valued at about $32,000. Private Wealth Management Group LLC acquired a new stake in Travelers Companies in the 4th quarter worth approximately $39,000. Valued Wealth Advisors LLC acquired a new stake in Travelers Companies in the 4th quarter worth approximately $40,000. OLD Second National Bank of Aurora acquired a new stake in Travelers Companies in the 4th quarter worth approximately $41,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Travelers Companies in the 1st quarter worth approximately $42,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV stock traded down $0.16 during trading on Tuesday, hitting $202.81. The company had a trading volume of 302,328 shares, compared to its average volume of 1,384,475. The company has a fifty day moving average price of $212.47 and a two-hundred day moving average price of $211.70. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The company has a market cap of $46.44 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.08 and a beta of 0.61. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 EPS for the quarter, missing the consensus estimate of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. Travelers Companies’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.11 EPS. Equities research analysts expect that The Travelers Companies, Inc. will post 17.59 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 10th were paid a $1.05 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $4.20 dividend on an annualized basis and a yield of 2.07%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is currently 31.20%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the transaction, the executive vice president now owns 6,075 shares of the company’s stock, valued at $1,298,106. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction on 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 directly owns 22,798 shares in the company, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods reduced their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. JPMorgan Chase & Co. boosted their target price on Travelers Companies from $194.00 to $213.00 and gave the stock an “underweight” rating in a report on Monday, April 8th. Roth Mkm reaffirmed a “buy” rating and issued a $240.00 price target on shares of Travelers Companies in a research report on Thursday, April 18th. UBS Group dropped their price target on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a research report on Monday, April 22nd. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, April 5th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and an average target price of $221.12.

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.