2,950 Shares in The Travelers Companies, Inc. $TRV Bought by Smith Partners Wealth Management LLC

Key Points

• Smith Partners Wealth Management initiated a 2,950-share position in Travelers Companies valued at approximately $650,000, while institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, substantially exceeding the $5.41 analyst consensus, with revenue of $12.15 billion versus expectations of $11.26 billion.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $354.26, below the reported share price of $367.96.

Smith Partners Wealth Management LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,950 shares of the insurance provider's stock, valued at approximately $650,000. Travelers Companies makes up approximately 0.5% of Smith Partners Wealth Management LLC's holdings, making the stock its 22nd largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arbejdsmarkedets Tillaegspension acquired a new stake in Travelers Companies in the 4th quarter worth approximately $24,167,000. Rit Capital Partners PLC acquired a new position in Travelers Companies during the fourth quarter valued at approximately $39,450,000. UBS Group AG raised its position in shares of Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider's stock valued at $514,786,000 after purchasing an additional 89,159 shares during the period. Swiss Life Asset Management Ltd raised its position in shares of Travelers Companies by 41.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider's stock valued at $19,149,000 after purchasing an additional 19,347 shares during the period. Finally, Baader Bank Aktiengesellschaft acquired a new stake in shares of Travelers Companies in the first quarter worth $576,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

NYSE:TRV opened at $367.96 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a 50-day moving average of $348.71 and a 200-day moving average of $316.68. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The company has a market capitalization of $76.74 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 3.52 and a beta of 0.45.

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

Travelers Companies Dividend Announcement

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

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the company's stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the 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 transaction, the executive vice president owned 68,834 shares of the company's stock, valued at $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,667 shares of company stock worth $22,688,329 over the last three months. 1.39% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on TRV shares. Morgan Stanley upped their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an "underweight" rating in a report on Tuesday, July 21st. UBS Group boosted their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Travelers Companies in a report on Tuesday, July 21st. HSBC lifted their price objective on Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a research note on Monday, July 6th. Finally, Keefe, Bruyette & Woods restated a "market perform" rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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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