961 Shares in The Travelers Companies, Inc. $TRV Purchased by Kelly Financial Group LLC

Key Points

• Kelly Financial Group LLC acquired 961 shares of The Travelers Companies, Inc. valued at approximately $256,000 during the 2nd quarter.
• Numerous institutional investors, including Vanguard Group and Goldman Sachs Group, have increased their stakes in Travelers Companies, with hedge funds and institutional investors now holding 82.45% of the stock.
• Travelers Companies reported a strong quarterly performance, achieving $6.51 earnings per share, significantly beating analyst expectations, and announced a quarterly dividend of $1.10 per share.

Kelly Financial Group LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 961 shares of the insurance provider's stock, valued at approximately $256,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Travelers Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock valued at $5,747,656,000 after purchasing an additional 115,808 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Travelers Companies by 0.8% in 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 purchasing an additional 25,573 shares during the last quarter. GAMMA Investing LLC raised its stake in Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after purchasing an additional 2,196,426 shares during the last quarter. Goldman Sachs Group Inc. raised its stake 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 valued at $511,631,000 after purchasing an additional 390,104 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its stake 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 valued at $444,101,000 after purchasing an additional 490,039 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Wolfe Research assumed coverage on Travelers Companies in a report on Monday, September 15th. They set a "peer perform" rating for the company. UBS Group increased their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and a consensus target price of $284.56.

Travelers Companies Trading Down 0.2%

Shares of TRV opened at $276.50 on Tuesday. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70. The stock's fifty day simple moving average is $268.52 and its 200-day simple moving average is $264.30. 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 firm has a market capitalization of $62.25 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53.

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 for the quarter, beating 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 firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the prior year, the firm posted $2.51 earnings per share. The company's quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction 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. 1.46% of the stock is owned by insiders.

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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