AssuredPartners Investment Advisors LLC Purchases Shares of 8,093 The Travelers Companies, Inc. $TRV

Key Points

• AssuredPartners Investment Advisors LLC has acquired a new stake of 8,093 shares in The Travelers Companies, Inc., valued at approximately $2,165,000.
• Travelers Companies reported earnings of $8.14 per share for the latest quarter, significantly exceeding the consensus estimate of $6.01.
• The company announced a quarterly dividend of $1.10 per share, which will be payable on December 31st to investors recorded on December 10th.

AssuredPartners Investment Advisors LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,093 shares of the insurance provider's stock, valued at approximately $2,165,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its stake in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new position in Travelers Companies during the first quarter worth about $26,000. Missouri Trust & Investment Co increased its position in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock worth $27,000 after acquiring an additional 55 shares during the period. Nova Wealth Management Inc. bought a new position in Travelers Companies during the second quarter worth about $32,000. Finally, Flaharty Asset Management LLC bought a new position in Travelers Companies during the first quarter worth about $32,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Down 2.9%

Shares of Travelers Companies stock opened at $261.61 on Friday. The firm has a market capitalization of $58.90 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.98 and a beta of 0.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm's 50 day moving average is $273.99 and its 200 day moving average is $266.31. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. The company had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.24 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. Travelers Companies's payout ratio is 19.46%.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.46% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TRV shares. Barclays set a $313.00 price target on shares of Travelers Companies in a research report on Wednesday, October 8th. Wolfe Research initiated coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a "peer perform" rating on the stock. UBS Group raised their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Evercore ISI reissued an "outperform" rating on shares of Travelers Companies in a report on Wednesday, October 1st. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Travelers Companies in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $291.59.

About Travelers Companies

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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