6,533 Shares in The Travelers Companies, Inc. $TRV Purchased by TD Private Client Wealth LLC

Key Points

• TD Private Client Wealth LLC acquired 6,533 shares of The Travelers Companies, Inc. for approximately $1,748,000 during the second quarter.
• Travelers reported strong quarterly earnings with $6.51 earnings per share, significantly exceeding the consensus estimate of $3.52.
• The company announced a quarterly dividend of $1.10 per share, with a dividend yield of 1.6%, scheduled for payment on September 30th.

TD Private Client Wealth LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,533 shares of the insurance provider's stock, valued at approximately $1,748,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock valued at $5,747,656,000 after buying an additional 115,808 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Travelers Companies by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock valued at $899,988,000 after acquiring an additional 25,573 shares during the period. GAMMA Investing LLC grew its holdings in shares of Travelers Companies by 31,132.9% during the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after purchasing an additional 2,196,426 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Travelers Companies by 25.3% in the first 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 period. Finally, Bahl & Gaynor Inc. increased its position in shares of Travelers Companies by 41.2% in the first 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 period. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Down 0.9%

TRV opened at $274.24 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $280.70. The company's 50 day moving average price is $269.76 and its two-hundred day moving average price is $264.58. The firm has a market capitalization of $61.74 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 3.18 and a beta of 0.53.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 10th. 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 shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business'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 transaction of $4,668,222.80. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company's stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of analyst reports. Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective on the stock. Wall Street Zen lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group lifted their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, Wells Fargo & Company lifted their price target on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $284.56.

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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