Clare Market Investments LLC Acquires 1,109 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Clare Market Investments LLC has increased its holdings in The Travelers Companies, Inc. by 39.6%, acquiring an additional 1,109 shares, bringing its total to 3,911 shares valued at approximately $1,046,000.
• The Travelers Companies recently reported earnings of $6.51 per share for the last quarter, significantly exceeding the consensus estimate of $3.52, with revenues of $11.54 billion.
• The company announced a quarterly dividend of $1.10 per share, payable on September 30th, representing a dividend yield of 1.6% and a payout ratio of 19.46%.

Clare Market Investments LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 39.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,911 shares of the insurance provider's stock after buying an additional 1,109 shares during the period. Clare Market Investments LLC's holdings in Travelers Companies were worth $1,046,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its position in shares of 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 buying an additional 84 shares during the period. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies during the first quarter worth about $26,000. Ameriflex Group Inc. acquired a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. Putney Financial Group LLC acquired a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. Finally, Nova Wealth Management Inc. acquired a new position in Travelers Companies during the second quarter valued at approximately $32,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the 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 transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction 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 disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

NYSE:TRV opened at $278.28 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock's 50 day moving average price is $267.64 and its two-hundred day moving average price is $263.92. The firm has a market capitalization of $62.65 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 3.16 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.51 earnings per share. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

TRV has been the subject of several recent research reports. Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target for the company. Wells Fargo & Company increased their price target on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $280.00 to $274.00 in a research report on Monday, July 7th. UBS Group increased their price target on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. Finally, Wall Street Zen cut Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $284.56.

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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.