2,055 Shares in The Travelers Companies, Inc. $TRV Bought by Texas Capital Bank Wealth Management Services Inc

Key Points

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Texas Capital Bank Wealth Management Services Inc acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,055 shares of the insurance provider's stock, valued at approximately $544,000.

Several other institutional investors and hedge funds have also modified their holdings of TRV. Brighton Jones LLC lifted its position in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after buying an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Travelers Companies during the 4th quarter worth $276,000. MetLife Investment Management LLC lifted its position in shares of Travelers Companies by 1.4% during the 4th quarter. MetLife Investment Management LLC now owns 60,114 shares of the insurance provider's stock worth $14,481,000 after buying an additional 838 shares during the last quarter. MML Investors Services LLC lifted its position in shares of Travelers Companies by 6.2% during the 4th quarter. MML Investors Services LLC now owns 21,849 shares of the insurance provider's stock worth $5,263,000 after buying an additional 1,284 shares during the last quarter. Finally, Transce3nd LLC bought a new stake in shares of Travelers Companies during the 4th quarter worth $77,000. 82.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Citigroup assumed coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price for the company. UBS Group increased their target price on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $284.56.

Travelers Companies Trading Down 0.2%

Shares of TRV stock opened at $265.13 on Tuesday. The stock has a market cap of $59.69 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 3.05 and a beta of 0.51. The stock has a 50-day moving average of $262.36 and a 200-day moving average of $259.57. 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 $215.39 and a 1-year high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS 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 business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter last year, the firm posted $2.51 earnings per share. The firm's revenue was up 7.4% on a year-over-year basis. On average, equities research 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 will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.7%. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

Insider Buying and Selling at Travelers Companies

In related 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 transaction of $3,061,710.60. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Avrohom J. Kess sold 23,434 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider directly owned 48,387 shares of the company's stock, valued at $13,254,650.91. This represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 175,374 shares of company stock valued at $47,929,912 over the last ninety days. 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.

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