CW Advisors LLC Purchases 2,129 Shares of The Travelers Companies, Inc. $TRV

Key Points

• CW Advisors LLC increased its holdings in The Travelers Companies by 21.9%, acquiring an additional 2,129 shares during the first quarter, bringing their total to 11,865 shares worth $3.13 million.
• Several hedge funds have also adjusted their positions in Travelers, with 82.45% of the stock currently owned by institutional investors.
• The company announced a quarterly dividend of $1.10 per share, set to be paid on September 30th, with a yield of 1.6%.

CW Advisors LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 21.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,865 shares of the insurance provider's stock after buying an additional 2,129 shares during the quarter. CW Advisors LLC's holdings in Travelers Companies were worth $3,135,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Bearing Point Capital LLC grew its position in shares of Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after purchasing an additional 38 shares in the last quarter. Forum Financial Management LP boosted its holdings in shares of Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after purchasing an additional 39 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in shares of Travelers Companies by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock worth $84,000 after purchasing an additional 39 shares in the last quarter. Smith Salley Wealth Management lifted its stake in shares of Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock valued at $1,936,000 after acquiring an additional 44 shares during the last quarter. Finally, Northern Financial Advisors Inc lifted its stake in shares of Travelers Companies by 0.7% in the 1st quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock valued at $1,739,000 after acquiring an additional 45 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRV has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. UBS Group increased their target price on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Wells Fargo & Company upped their price target on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Finally, Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and an average price target of $284.56.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Maria Olivo sold 36,199 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the completion of the transaction, the executive vice president owned 118,116 shares in the company, valued at $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Avrohom J. Kess sold 23,434 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the sale, the insider directly owned 48,387 shares of the company's stock, valued at $13,254,650.91. This represents a 32.63% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,374 shares of company stock valued at $47,929,912. 1.46% of the stock is owned by company insiders.

Travelers Companies Trading Up 0.5%

Shares of NYSE TRV opened at $276.3390 on Friday. The business's 50 day moving average is $263.18 and its two-hundred day moving average is $260.26. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $218.57 and a 1-year high of $279.04. The stock has a market capitalization of $62.21 billion, a P/E ratio of 12.22, a PEG ratio of 3.17 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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

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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