Biltmore Family Office LLC Has $670,000 Stake in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Biltmore Family Office LLC increased its stake in The Travelers Companies by 203.8% during the first quarter, purchasing an additional 1,700 shares and bringing its total holdings to 2,534 shares, valued at approximately $670,000.
• The Travelers Companies reported strong quarterly earnings, with $6.51 EPS surpassing analysts' estimates of $3.52 and a year-over-year revenue growth of 7.4%, totaling $11.54 billion.
• The company declared a quarterly dividend of $1.10 per share, with an annualized payout of $4.40 and a dividend yield of 1.7%, reinforcing its stable return to shareholders.

Biltmore Family Office LLC grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 203.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,534 shares of the insurance provider's stock after purchasing an additional 1,700 shares during the quarter. Biltmore Family Office LLC's holdings in Travelers Companies were worth $670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of TRV. Cornerstone Planning Group LLC increased its stake in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after buying an additional 84 shares during the period. Putney Financial Group LLC purchased a new position in Travelers Companies in the 4th quarter worth about $26,000. Ameriflex Group Inc. acquired a new stake in Travelers Companies during the 4th quarter worth about $26,000. Greykasell Wealth Strategies Inc. purchased a new stake in Travelers Companies during the first quarter valued at about $26,000. Finally, Kapitalo Investimentos Ltda acquired a new position in shares of Travelers Companies in the fourth quarter worth about $30,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wells Fargo & Company lifted their price target on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group raised their price target 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. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday. Finally, Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $284.56.

Travelers Companies Stock Performance

Shares of TRV traded down $1.02 on Thursday, reaching $268.28. 763,558 shares of the stock traded hands, compared to its average volume of 1,332,713. The stock's 50-day moving average price is $262.63 and its 200-day moving average price is $259.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market cap of $60.40 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 3.02 and a beta of 0.51. The Travelers Companies, Inc. has a 12 month low of $214.61 and a 12 month high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (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 firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the firm posted $2.51 EPS. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio is 19.46%.

Insiders Place Their Bets

In related news, insider Avrohom J. Kess sold 23,434 shares of the company's stock in a transaction dated 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 transaction, the insider directly owned 48,387 shares in the company, valued at approximately $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction dated 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 directly owned 18,416 shares of the company's stock, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,374 shares of company stock worth $47,929,912 in the last quarter. Company insiders own 1.46% of the company's stock.

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.