The Travelers Companies, Inc. $TRV Shares Bought by DRW Securities LLC

Key Points

• DRW Securities LLC increased its stake in The Travelers Companies by 1,040.7% in the 1st quarter, acquiring 15,205 additional shares and bringing its total holdings to 16,666 shares valued at approximately $4.4 million.
• The Travelers Companies reported $6.51 EPS for the last quarter, significantly surpassing expectations and showing a 7.4% increase in revenue compared to the previous year.
• A quarterly dividend of $1.10 per share will be paid on September 30th, indicating a 1.6% yield for investors and a dividend payout ratio of 19.46%.

DRW Securities LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1,040.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,666 shares of the insurance provider's stock after acquiring an additional 15,205 shares during the quarter. DRW Securities LLC's holdings in Travelers Companies were worth $4,407,000 as of its most recent filing with the Securities and Exchange Commission.

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

Travelers Companies Price Performance

Travelers Companies stock traded up $2.65 during mid-day trading on Wednesday, hitting $276.00. 1,115,625 shares of the company were exchanged, compared to its average volume of 1,117,857. 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 business's 50 day simple moving average is $264.07 and its two-hundred day simple moving average is $261.67. The company has a market capitalization of $62.14 billion, a P/E ratio of 11.90, a PEG ratio of 3.12 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $279.04.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results 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. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.Travelers Companies's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.51 earnings per share. Analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value 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 represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on TRV shares. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. UBS Group upped their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Citigroup initiated coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $284.56.

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.