Optimize Financial Inc Takes Position in The Travelers Companies, Inc. $TRV

Key Points

• Optimize Financial Inc acquired 1,447 shares of The Travelers Companies, Inc. during the first quarter, valued at approximately $383,000.
• The Travelers Companies recently declared a quarterly dividend of $1.10 per share, with an annual yield of 1.6%, which will be paid on September 30th.
• Travelers Companies reported a strong quarterly earnings result, with an EPS of $6.51, surpassing analysts' estimates, alongside a revenue increase of 7.4% year-over-year.

Optimize Financial Inc bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,447 shares of the insurance provider's stock, valued at approximately $383,000.

Several other hedge funds have also modified their holdings of TRV. GAMMA Investing LLC lifted its holdings in shares of Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after purchasing an additional 2,196,426 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Travelers Companies during the first quarter valued at $294,755,000. Bahl & Gaynor Inc. lifted its holdings in shares of Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after purchasing an additional 490,039 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after purchasing an additional 390,104 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Travelers Companies by 12.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider's stock valued at $653,443,000 after purchasing an additional 291,506 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.2%

TRV stock traded down $0.61 during mid-day trading on Friday, hitting $278.83. The stock had a trading volume of 852,100 shares, compared to its average volume of 1,107,784. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 1-year low of $224.62 and a 1-year high of $280.70. The company has a fifty day moving average of $266.13 and a 200 day moving average of $263.38. The stock has a market capitalization of $62.77 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 3.21 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the firm posted $2.51 EPS. The business's revenue was up 7.4% compared to the same quarter last year. On average, equities analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 19.46%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Citigroup initiated coverage on Travelers Companies in a report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price for the company. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $284.56.

Insider Activity

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company's stock.

Travelers Companies 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.