Cim LLC Purchases Shares of 8,131 The Travelers Companies, Inc. $TRV

Key Points

• Cim LLC has acquired a new stake in The Travelers Companies, purchasing 8,131 shares worth approximately $2,150,000 during the first quarter.
• The Travelers Companies reported a Q2 EPS of $6.51, significantly exceeding analysts' expectations of $3.52, with revenues of $11.54 billion, up 7.4% year-over-year.
• The company announced a quarterly dividend of $1.10, reflecting an annualized dividend yield of 1.6%, with the payment set for September 30th to investors recorded by September 10th.

Cim LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,131 shares of the insurance provider's stock, valued at approximately $2,150,000.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its holdings in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies in the 1st quarter valued at $26,000. Ameriflex Group Inc. purchased a new stake in Travelers Companies during the fourth quarter worth approximately $26,000. Putney Financial Group LLC purchased a new stake in Travelers Companies during the fourth quarter worth approximately $26,000. Finally, Flaharty Asset Management LLC purchased a new stake in Travelers Companies during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $279.50 on Friday. The company has a market capitalization of $62.92 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 3.13 and a beta of 0.53. The firm has a fifty day simple moving average of $265.84 and a 200-day simple moving average of $263.20. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $280.70.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the prior year, the business posted $2.51 EPS. The business's revenue was up 7.4% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal 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 issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Analyst Ratings Changes

Several equities research analysts have issued reports on TRV shares. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Finally, Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $284.56.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction that occurred on 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. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.

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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