AssuredPartners Investment Advisors LLC Makes New $744,000 Investment in The Travelers Companies, Inc. $TRV

Key Points

• AssuredPartners Investment Advisors acquired 3,375 shares of Travelers Companies worth approximately $744,000 in the second quarter. Institutional investors and hedge funds collectively own 82.45% of TRV.
• Travelers reported quarterly EPS of $10.04, well above the $5.41 consensus estimate, on revenue of $12.15 billion. The company also declared a $1.25 quarterly dividend, equivalent to a 1.4% annualized yield.
• TRV shares opened at $362.47, above the analyst consensus target of $354.26, while the overall analyst consensus remains “Hold.” Company insiders have sold 62,667 shares worth $22.7 million over the past 90 days.

AssuredPartners Investment Advisors LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,375 shares of the insurance provider's stock, valued at approximately $744,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TRV. Shepherd Financial Partners LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter worth $363,000. Johnson Financial Group Inc. acquired a new position in shares of Travelers Companies during the second quarter worth $1,673,000. Tocqueville Asset Management L.P. purchased a new position in Travelers Companies in the second quarter valued at $1,540,000. Kelman Lazarov Inc. acquired a new stake in Travelers Companies in the second quarter valued at $260,000. Finally, one8zero8 LLC acquired a new stake in Travelers Companies in the second quarter valued at $1,919,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 14,037 shares of the company's 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 completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. This represents a 33.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares of the company's stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,667 shares of company stock valued at $22,688,329 in the last 90 days. Company insiders own 1.39% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $362.47 on Thursday. The stock's 50-day moving average is $349.88 and its two-hundred day moving average is $317.23. 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 Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The firm has a market cap of $75.60 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 3.50 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business's quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $6.51 EPS. Analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company 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 dividend of $1.25 per share. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on TRV shares. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research report on Tuesday, May 26th. HSBC raised their target price on Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a research report on Monday, July 6th. JPMorgan Chase & Co. upgraded Travelers Companies from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Morgan Stanley upped their price target on Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a report on Tuesday, July 21st. Finally, BMO Capital Markets cut shares of Travelers Companies from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $354.26.

About Travelers Companies

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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