Alyeska Investment Group L.P. Raises Stock Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Alyeska Investment Group L.P. raised its stake in The Travelers Companies by 540.7%, owning 320,345 shares valued at approximately $84.72 million as of its latest SEC filing.
• The Travelers Companies reported quarterly earnings of $6.51 per share, exceeding estimates, with a revenue of $11.54 billion, reflecting a 7.4% increase from the previous year.
• The company declared a quarterly dividend of $1.10 per share to be paid on September 30th, which represents an annualized dividend of $4.40 and a yield of 1.6%.

Alyeska Investment Group L.P. boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 540.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,345 shares of the insurance provider's stock after purchasing an additional 270,345 shares during the quarter. Alyeska Investment Group L.P. owned about 0.14% of Travelers Companies worth $84,718,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PFG Advisors lifted its position in Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after purchasing an additional 2,217 shares during the period. Greatmark Investment Partners Inc. lifted its holdings in shares of Travelers Companies by 3.0% in the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock worth $16,120,000 after acquiring an additional 1,772 shares during the last quarter. Portside Wealth Group LLC bought a new position in shares of Travelers Companies in the first quarter worth about $208,000. Atlas Capital Advisors Inc. lifted its holdings in shares of Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock worth $1,205,000 after acquiring an additional 4,098 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Travelers Companies by 47.3% in the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock worth $1,403,000 after acquiring an additional 1,703 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Down 1.5%

Travelers Companies stock traded down $4.06 during mid-day trading on Friday, hitting $275.37. 970,738 shares of the stock were exchanged, compared to its average volume of 1,166,662. 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 Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. The firm's fifty day simple moving average is $264.94 and its two-hundred day simple moving average is $262.45. The stock has a market capitalization of $61.99 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 3.16 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. The company 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 quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.51 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on TRV. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Finally, Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $284.56.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Company 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.