Csenge Advisory Group Acquires Shares of 37,239 The Travelers Companies, Inc. $TRV

Key Points

• Csenge Advisory Group initiated a position of 37,239 Travelers shares worth approximately $8.2 million during the second quarter. Institutional investors and hedge funds collectively own 82.45% of the insurer.
• Travelers reported quarterly earnings of $10.04 per share, far exceeding the $5.41 consensus estimate, while revenue reached $12.15 billion versus expectations of $11.26 billion.
• The company declared a quarterly dividend of $1.25 per share, or $5.00 annualized, representing a 1.4% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $354.26.

Csenge Advisory Group bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 37,239 shares of the insurance provider's stock, valued at approximately $8,211,000.

A number of other hedge funds have also added to or reduced their stakes in TRV. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies in the second quarter valued at approximately $26,000. HHM Wealth Advisors LLC grew its holdings in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after buying an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies in the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in Travelers Companies during the 1st quarter valued at $26,000. Finally, Osterweis Capital Management Inc. lifted its stake in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of the firm's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the transaction, the executive vice president owned 5,298 shares in the company, valued at $2,048,789.58. This trade represents a 44.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares of the company's stock, valued at $3,894,939.51. The trade was a 32.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Down 1.5%

TRV opened at $362.47 on Thursday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The company's 50-day moving average price is $349.88 and its two-hundred day moving average price is $317.23. The stock has a market cap of $75.60 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 3.50 and a beta of 0.45. 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 Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the prior year, the company earned $6.51 earnings per share. Travelers Companies's revenue was up .3% compared to the same quarter last year. As a group, equities analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies's dividend payout ratio is currently 13.39%.

Analysts Set New Price Targets

TRV has been the subject of several recent analyst reports. Barclays upped their target price on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 21st. Weiss Ratings restated a "buy (a-)" rating on shares of Travelers Companies in a report on Wednesday, August 5th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Mizuho lifted their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Finally, BMO Capital Markets downgraded Travelers Companies from an "outperform" rating to a "market perform" rating and boosted their target price for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $354.26.

Travelers Companies Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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).

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