Advisors Capital Management LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,342 shares of the insurance provider's stock, valued at approximately $2,060,000.
Several other hedge funds have also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its holdings in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after acquiring an additional 51 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Travelers Companies in the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. acquired a new position in Travelers Companies in the 2nd quarter valued at $26,000. Kemnay Advisory Services Inc. acquired a new position in Travelers Companies in the 4th quarter valued at $26,000. Finally, Osterweis Capital Management Inc. lifted its stake in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after purchasing an additional 91 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.
Travelers Companies Trading Down 0.2%
Travelers Companies stock opened at $363.83 on Friday. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. 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 stock has a market capitalization of $75.88 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The firm has a 50 day simple moving average of $352.28 and a 200-day simple moving average of $318.12.
Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS 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 firm had revenue of $12.15 billion for the quarter, compared to analysts' expectations of $11.26 billion. During the same quarter in the previous year, the company earned $6.51 earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.
Travelers Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies's payout ratio is 13.39%.
Insider Transactions at Travelers Companies
In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of the company's stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares of the company's stock, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares of the company's stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last 90 days. 1.39% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on TRV shares. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research note on Tuesday, May 26th. Citigroup restated a "market perform" rating on shares of Travelers Companies in a report on Monday, July 20th. Bank of America increased their target price on Travelers Companies from $283.00 to $307.00 and gave the stock an "underperform" rating in a research report on Monday, July 20th. Raymond James Financial set a $430.00 price target on Travelers Companies in a research report on Monday, July 20th. Finally, Roth Capital upped their price target on Travelers Companies from $345.00 to $425.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average target price of $354.26.
Get Our Latest Report on TRV
Travelers Companies Profile
(
Free Report)
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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