Campbell & CO Investment Adviser LLC Boosts Stake in The Travelers Companies, Inc. $TRV

Key Points

• Campbell & CO Investment Adviser LLC increased its holdings in The Travelers Companies by 219.3% during the first quarter, owning a total of 24,054 shares valued at $6,361,000.
• The Travelers Companies reported earnings of $6.51 per share for the last quarter, significantly exceeding analysts' expectations of $3.52 per share, with a revenue increase of 7.4% year-over-year.
• Travelers Companies announced a quarterly dividend of $1.10 per share, reflecting an annualized dividend yield of 1.6%.

Campbell & CO Investment Adviser LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 219.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,054 shares of the insurance provider's stock after buying an additional 16,521 shares during the period. Travelers Companies accounts for about 0.5% of Campbell & CO Investment Adviser LLC's investment portfolio, making the stock its 16th biggest position. Campbell & CO Investment Adviser LLC's holdings in Travelers Companies were worth $6,361,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its stake in 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 last quarter. Putney Financial Group LLC bought a new stake in Travelers Companies during the fourth quarter worth approximately $26,000. Ameriflex Group Inc. bought a new stake in Travelers Companies during the fourth quarter worth approximately $26,000. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the first quarter worth approximately $26,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Travelers Companies during the fourth quarter worth approximately $30,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 0.6%

NYSE:TRV traded up $1.54 during midday trading on Wednesday, hitting $272.43. The stock had a trading volume of 807,951 shares, compared to its average volume of 1,233,806. The Travelers Companies, Inc. has a one year low of $222.21 and a one year high of $279.04. The company has a market capitalization of $61.33 billion, a price-to-earnings ratio of 12.05, a PEG ratio of 3.11 and a beta of 0.51. The stock has a 50-day moving average of $263.46 and a 200 day moving average of $260.61. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the prior year, the firm earned $2.51 earnings per share. Travelers Companies's revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Citigroup started coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective on the stock. UBS Group increased their price target on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and an average target price of $284.56.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the sale, the chief financial officer owned 26,932 shares in the company, valued at $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the sale, the executive vice president owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 175,374 shares of company stock valued at $47,929,912 over the last 90 days. 1.46% of the stock is owned by insiders.

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.