Atlas Capital Advisors Inc. Buys 4,098 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Atlas Capital Advisors Inc. increased its stake in The Travelers Companies by 890.9%, owning a total of 4,558 shares worth approximately $1.2 million after acquiring an additional 4,098 shares.
• The Travelers Companies posted a quarterly earnings report revealing an EPS of $6.51, significantly exceeding the consensus estimate of $3.52, with revenues of $11.54 billion.
• Travelers announced a quarterly dividend of $1.10, representing an annualized dividend yield of 1.7%, with a payout ratio of 19.46%.

Atlas Capital Advisors Inc. lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 890.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 4,558 shares of the insurance provider's stock after acquiring an additional 4,098 shares during the period. Atlas Capital Advisors Inc.'s holdings in Travelers Companies were worth $1,205,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Travelers Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock worth $5,747,656,000 after purchasing an additional 115,808 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Travelers Companies by 1.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,752,484 shares of the insurance provider's stock valued at $903,937,000 after acquiring an additional 70,036 shares during the period. Bank of America Corp DE increased its position in shares of Travelers Companies by 236.9% in the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock valued at $844,854,000 after acquiring an additional 2,466,098 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Travelers Companies by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,377,966 shares of the insurance provider's stock valued at $813,704,000 after acquiring an additional 243,484 shares during the period. Finally, Northern Trust Corp increased its position in shares of Travelers Companies by 12.3% in the fourth quarter. Northern Trust Corp now owns 3,329,232 shares of the insurance provider's stock valued at $801,979,000 after acquiring an additional 364,379 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

Travelers Companies stock opened at $265.00 on Friday. The firm has a 50-day moving average price of $263.16 and a 200-day moving average price of $258.58. The firm has a market capitalization of $59.66 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 3.07 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 Travelers Companies, Inc. has a 12-month low of $208.63 and a 12-month high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the business posted $2.51 EPS. The company's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio is 19.46%.

Insiders Place Their Bets

In other news, insider Avrohom J. Kess sold 23,434 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider directly owned 48,387 shares of the company's stock, valued at $13,254,650.91. This represents a 32.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider directly owned 255,086 shares in the company, valued at $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,374 shares of company stock worth $47,929,912. Company insiders own 1.46% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TRV shares. Citigroup reiterated a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 21st. Jefferies Financial Group boosted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday. Finally, UBS Group upped their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and an average price target of $282.69.

Travelers Companies 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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