Carmel Capital Partners LLC Makes New $1.92 Million Investment in The Travelers Companies, Inc. $TRV

Key Points

• Carmel Capital Partners LLC made a new investment of approximately $1.92 million in The Travelers Companies, acquiring 7,192 shares during the second quarter.
• Institutional investors currently own 82.45% of Travelers' stock, with several hedge funds significantly increasing their holdings in recent months.
• The Travelers Companies reported an EPS of $8.14 for the last quarter, exceeding analysts' expectations and indicating a net margin of 12.14% along with a 4.8% year-over-year revenue growth.

Carmel Capital Partners LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,192 shares of the insurance provider's stock, valued at approximately $1,924,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Travelers Companies by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock worth $5,747,656,000 after purchasing an additional 115,808 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of 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 purchasing an additional 3,611,758 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Travelers Companies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock worth $899,988,000 after purchasing an additional 25,573 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after purchasing an additional 390,104 shares during the period. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock worth $444,101,000 after purchasing an additional 490,039 shares during the period. Institutional investors own 82.45% of the company's stock.

Insider Activity

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business'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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Travelers Companies Trading Up 0.3%

Shares of TRV stock opened at $262.31 on Friday. The company's fifty day simple moving average is $273.93 and its two-hundred day simple moving average is $266.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The stock has a market capitalization of $59.05 billion, a price-to-earnings ratio of 10.31, a PEG ratio of 2.89 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating analysts' consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period in the previous year, the business earned $5.24 EPS. The business's revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, December 10th. Travelers Companies's payout ratio is presently 19.46%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Travelers Companies in a report on Tuesday. Keefe, Bruyette & Woods lifted their price target 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. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an "underweight" rating in a report on Thursday, October 9th. Wells Fargo & Company reaffirmed a "positive" rating on shares of Travelers Companies in a report on Friday. Finally, Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $292.47.

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.

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