Banque Cantonale Vaudoise Buys New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Banque Cantonale Vaudoise acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,487 shares of the insurance provider's stock, valued at approximately $2,245,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its stake in shares of Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after acquiring an additional 84 shares during the period. Putney Financial Group LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. Ameriflex Group Inc. acquired a new position in Travelers Companies during the fourth quarter worth about $26,000. Kapitalo Investimentos Ltda purchased a new position in Travelers Companies in the fourth quarter valued at about $30,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Travelers Companies in the fourth quarter valued at about $33,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.8%

NYSE TRV traded down $1.97 during trading on Friday, reaching $258.27. The company's stock had a trading volume of 1,076,945 shares, compared to its average volume of 1,350,372. 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 stock has a market capitalization of $58.14 billion, a PE ratio of 11.42, a PEG ratio of 3.03 and a beta of 0.51. The business has a 50-day moving average price of $264.33 and a 200-day moving average price of $257.57. The Travelers Companies, Inc. has a 1-year low of $206.43 and a 1-year high of $277.83.

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

Travelers Companies Dividend Announcement

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

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 2,000 shares of the business's 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 completion of the sale, the insider owned 255,086 shares of the company's stock, valued at $70,021,107. The trade was 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 valued at $47,929,912. Insiders own 1.46% of the company's stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research analyst reports. Morgan Stanley set a $269.00 target price on shares of Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Jefferies Financial Group increased their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 8th. UBS Group raised their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $279.82.

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.