Cullinan Associates Inc. Acquires 1,809 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Cullinan Associates Inc. increased its holdings in Travelers Companies by 8.4% in the second quarter, owning a total of 23,311 shares worth $6.24 million after acquiring 1,809 additional shares.
• Travelers Companies reported $6.51 earnings per share for the quarter, significantly beating analysts' expectations of $3.52, and its revenue grew by 7.4% year-over-year to $11.54 billion.
• The company declared a quarterly dividend of $1.10 per share, reflecting a 1.5% dividend yield and a 19.46% dividend payout ratio.

Cullinan Associates Inc. lifted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 8.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,311 shares of the insurance provider's stock after purchasing an additional 1,809 shares during the quarter. Cullinan Associates Inc.'s holdings in Travelers Companies were worth $6,237,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TRV. Valeo Financial Advisors LLC lifted its holdings in shares of Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider's stock worth $967,646,000 after acquiring an additional 3,611,758 shares during the last quarter. Nuveen LLC purchased a new stake in Travelers Companies during the first quarter valued at about $294,755,000. Bahl & Gaynor Inc. lifted its stake in Travelers Companies by 41.2% during the first 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 last quarter. Goldman Sachs Group Inc. boosted 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 in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Travelers Companies by 86.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider's stock valued at $197,686,000 after purchasing an additional 342,666 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 1.7%

NYSE:TRV opened at $284.93 on Monday. The firm has a market capitalization of $64.15 billion, a P/E ratio of 12.60, a P/E/G ratio of 3.27 and a beta of 0.51. 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 company has a fifty day moving average of $271.60 and a 200 day moving average of $265.52. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $286.17.

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 analysts' consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.51 earnings per share. On average, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm'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 sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a report on Wednesday, August 13th. UBS Group increased their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Wells Fargo & Company lifted their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Wolfe Research started coverage on shares of Travelers Companies in a research note on Monday, September 15th. They issued a "peer perform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $284.56.

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.

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.