Aptus Capital Advisors LLC Has $1.57 Million Stock Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Aptus Capital Advisors LLC increased its holdings in The Travelers Companies, Inc. by 22.8% in the 1st quarter, bringing their total investment value to approximately $1.57 million.
• Several institutional investors such as Brooklyn Investment Group and Versor Investments LP also boosted their stakes in the company during the same period, contributing to an overall institutional ownership of 82.45%.
• The Travelers Companies reported earnings per share of $6.51 for its latest quarter, significantly exceeding estimates, with a revenue increase of 7.4% year-over-year.

Aptus Capital Advisors LLC raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 22.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,919 shares of the insurance provider's stock after purchasing an additional 1,099 shares during the quarter. Aptus Capital Advisors LLC's holdings in Travelers Companies were worth $1,565,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Brooklyn Investment Group increased its position in Travelers Companies by 40.9% during the 1st quarter. Brooklyn Investment Group now owns 1,791 shares of the insurance provider's stock worth $473,000 after buying an additional 520 shares during the period. Versor Investments LP increased its position in Travelers Companies by 192.1% during the 1st quarter. Versor Investments LP now owns 4,399 shares of the insurance provider's stock worth $1,163,000 after buying an additional 2,893 shares during the period. Freestone Capital Holdings LLC increased its position in Travelers Companies by 1.5% during the 1st quarter. Freestone Capital Holdings LLC now owns 24,446 shares of the insurance provider's stock worth $6,465,000 after buying an additional 357 shares during the period. Northwest & Ethical Investments L.P. increased its position in Travelers Companies by 110.8% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 77,455 shares of the insurance provider's stock worth $20,484,000 after buying an additional 40,712 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its position in Travelers Companies by 0.9% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 21,461 shares of the insurance provider's stock worth $5,676,000 after buying an additional 196 shares during the period. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider owned 255,086 shares of the company's stock, valued at approximately $70,021,107. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 175,374 shares of company stock worth $47,929,912 over the last quarter. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

TRV opened at $274.2330 on Thursday. The firm has a market cap of $61.74 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 3.09 and a beta of 0.51. The Travelers Companies, Inc. has a 52-week low of $215.39 and a 52-week high of $277.83. 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 business's fifty day moving average is $262.74 and its 200-day moving average is $259.73.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping 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 business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the company earned $2.51 EPS. Travelers Companies's revenue for the quarter was up 7.4% on a year-over-year basis. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

TRV has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. UBS Group increased their price objective on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Wells Fargo & Company increased their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $284.56.

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.

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