1,818 Shares in The Travelers Companies, Inc. $TRV Purchased by GC Wealth Management RIA LLC

Key Points

• GC Wealth Management RIA LLC acquired 1,818 shares of The Travelers Companies, Inc. ($TRV) in the 2nd quarter, valued at approximately $486,000.
• Travelers Companies reported $6.51 earnings per share for the last quarter, surpassing analyst expectations and achieving a 7.4% year-over-year revenue growth to $11.54 billion.
• The company has announced a quarterly dividend of $1.10, equating to an annualized payout of $4.40 and representing a yield of 1.6%.

GC Wealth Management RIA LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,818 shares of the insurance provider's stock, valued at approximately $486,000.

Several other hedge funds have also recently bought and sold shares of TRV. Nuveen LLC purchased a new stake in Travelers Companies in the 1st quarter worth about $294,755,000. Bahl & Gaynor Inc. increased its position in Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock worth $444,101,000 after purchasing an additional 490,039 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after purchasing an additional 390,104 shares during the last quarter. AQR Capital Management LLC increased its position in Travelers Companies by 24.0% in the 1st quarter. AQR Capital Management LLC now owns 1,431,736 shares of the insurance provider's stock worth $377,921,000 after purchasing an additional 276,850 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its position in Travelers Companies by 540.7% in the 1st quarter. Alyeska Investment Group L.P. now owns 320,345 shares of the insurance provider's stock worth $84,718,000 after purchasing an additional 270,345 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

TRV opened at $279.12 on Wednesday. The firm has a market capitalization of $62.84 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53. The stock's 50 day moving average price is $270.51 and its two-hundred day moving average price is $265.10. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70.

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

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

TRV has been the topic of several research reports. Wells Fargo & Company upped their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods upped their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price on the stock. Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, UBS Group increased their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $284.56.

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.

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