Calamos Wealth Management LLC Acquires 2,940 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Calamos Wealth Management LLC significantly increased its holdings in The Travelers Companies by 214.3%, acquiring an additional 2,940 shares, bringing its total to 4,312 shares valued at approximately $1,154,000.
• Several institutional investors have also made substantial investments, with Valeo Financial Advisors increasing its stake by an astonishing 71,265.9% during the same quarter.
• The Travelers Companies recently reported quarterly earnings of $8.14 per share, exceeding analysts' expectations by $2.13, alongside a revenue increase of 4.8% year-over-year.

Calamos Wealth Management LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 214.3% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,312 shares of the insurance provider's stock after buying an additional 2,940 shares during the quarter. Calamos Wealth Management LLC's holdings in Travelers Companies were worth $1,154,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TRV. Valeo Financial Advisors LLC increased its holdings in Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider's stock worth $967,646,000 after buying an additional 3,611,758 shares in the last quarter. Nuveen LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at about $294,755,000. Bahl & Gaynor Inc. grew its stake in shares of Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after purchasing an additional 490,039 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Travelers Companies by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after purchasing an additional 390,104 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Travelers Companies by 86.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider's stock valued at $197,686,000 after purchasing an additional 342,666 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.46% of the stock is owned by insiders.

Travelers Companies Stock Performance

TRV opened at $262.31 on Monday. The firm has a market cap of $58.51 billion, a P/E ratio of 10.31, a PEG ratio of 2.51 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The company has a 50 day simple moving average of $273.93 and a two-hundred day simple moving average of $266.33. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts' consensus estimates of $6.01 by $2.13. The business had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company's revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $5.24 earnings per share. Equities 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 declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, December 10th. Travelers Companies's dividend payout ratio is presently 17.30%.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent research reports. Wolfe Research initiated coverage on Travelers Companies in a research note on Monday, September 15th. They set a "peer perform" rating for the company. The Goldman Sachs Group restated a "buy" rating on shares of Travelers Companies in a research note on Friday. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $289.00 to $297.00 and gave the company an "underweight" rating in a research note on Thursday, October 9th. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, UBS Group boosted their price target on Travelers Companies from $284.00 to $287.00 and gave the company a "neutral" rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $292.47.

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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