23,383 Shares in The Travelers Companies, Inc. $TRV Acquired by Beacon Pointe Advisors LLC

Key Points

• Beacon Pointe Advisors acquired 23,383 Travelers shares during the second quarter, valued at approximately $7.7 million. Institutional investors and hedge funds collectively own 82.45% of TRV.
• Travelers reported strong quarterly results, with EPS of $10.04 versus the $5.41 consensus estimate and revenue of $12.15 billion, while return on equity reached 25.41%.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $354.26.

Beacon Pointe Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 23,383 shares of the insurance provider's stock, valued at approximately $7,718,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings 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 acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new position in Travelers Companies in the fourth quarter valued at approximately $276,000. WINTON GROUP Ltd acquired a new position in Travelers Companies during the second quarter valued at approximately $382,000. CIBC Asset Management Inc raised its position in Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider's stock valued at $18,336,000 after purchasing an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider's stock worth $28,254,000 after purchasing an additional 2,117 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.1%

NYSE TRV opened at $369.85 on Friday. The firm has a market capitalization of $77.14 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45. The business's 50-day moving average price is $358.56 and its two-hundred day moving average price is $320.77. 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 12 month low of $252.26 and a 12 month high of $398.70.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the firm posted $6.51 EPS. The firm's revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies's dividend payout ratio (DPR) is presently 13.39%.

Insider Activity

In related news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 52,667 shares of company stock valued at $19,611,829. 1.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded Travelers Companies from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Raymond James Financial set a $430.00 price objective on Travelers Companies in a research report on Monday, July 20th. Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 20th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research report on Tuesday, May 26th. Finally, Zacks Research raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $354.26.

About Travelers Companies

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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