Banque Transatlantique SA Makes New Investment in The Travelers Companies, Inc. $TRV

Key Points

• Banque Transatlantique SA has acquired 1,079 shares of The Travelers Companies, Inc., valued at approximately $264,000, as reported in a recent SEC filing.
• Insider sales were notable, with EVP Gregory C. Toczydlowski selling 11,505 shares for over $3 million, representing a significant decrease in his holdings.
• The Travelers Companies reported $6.51 earnings per share in the last quarter, significantly beating analyst expectations and reflecting a 7.4% increase in revenue year-over-year.

Banque Transatlantique SA purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,079 shares of the insurance provider's stock, valued at approximately $264,000.

Several other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in shares of Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after acquiring an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Travelers Companies during the fourth quarter valued at about $276,000. Captrust Financial Advisors raised its stake in shares of Travelers Companies by 6.0% during the fourth quarter. Captrust Financial Advisors now owns 33,110 shares of the insurance provider's stock valued at $7,976,000 after acquiring an additional 1,881 shares during the last quarter. BOKF NA raised its stake in Travelers Companies by 0.8% in the fourth quarter. BOKF NA now owns 7,155 shares of the insurance provider's stock worth $1,663,000 after buying an additional 57 shares in the last quarter. Finally, Centiva Capital LP raised its stake in Travelers Companies by 114.5% in the fourth quarter. Centiva Capital LP now owns 3,314 shares of the insurance provider's stock worth $798,000 after buying an additional 1,769 shares in the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. Insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Shares of TRV stock traded down $0.69 on Tuesday, hitting $273.79. 992,193 shares of the stock traded hands, compared to its average volume of 1,322,673. The firm has a market cap of $61.64 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 3.16 and a beta of 0.53. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The firm has a 50 day simple moving average of $265.09 and a two-hundred day simple moving average of $262.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $2.51 EPS. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies's payout ratio is 19.46%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. 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. Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Finally, Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average price target 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.