Elevate Capital Advisors LLC Decreases Stock Position in The Travelers Companies, Inc. $TRV

Key Points

• Elevate Capital Advisors LLC has reduced its stake in The Travelers Companies, Inc. by 5.7%, resulting in ownership of 17,502 shares, worth approximately $4.68 million.
• Institutional investors hold a significant portion of the company, with 82.45% of Travelers Companies' stock owned by such investors, indicating strong institutional interest.
• The Travelers Companies reported an earnings per share (EPS) of $6.51 for the latest quarter, exceeding analysts' expectations by $2.99.

Elevate Capital Advisors LLC lessened its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,502 shares of the insurance provider's stock after selling 1,058 shares during the period. Travelers Companies comprises 3.7% of Elevate Capital Advisors LLC's holdings, making the stock its 2nd biggest holding. Elevate Capital Advisors LLC's holdings in Travelers Companies were worth $4,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Travelers Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock valued at $5,747,656,000 after acquiring an additional 115,808 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Travelers Companies by 0.8% in the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock valued at $899,988,000 after acquiring an additional 25,573 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after acquiring an additional 390,104 shares during the last quarter. Bahl & Gaynor Inc. grew its position in Travelers Companies by 41.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after acquiring an additional 490,039 shares during the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Travelers Companies by 24.0% during the first quarter. AQR Capital Management LLC now owns 1,431,736 shares of the insurance provider's stock worth $377,921,000 after purchasing an additional 276,850 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction that occurred on 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 directly owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were 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. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $284.93 on Friday. The business's 50 day simple moving average is $271.60 and its 200 day simple moving average is $265.45. The Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $286.17. The stock has a market capitalization of $64.15 billion, a PE ratio of 12.60, a PEG ratio of 3.22 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating 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 business had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the prior year, the business posted $2.51 earnings per share. The firm's revenue was up 7.4% on a year-over-year basis. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were issued a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies's dividend payout ratio is presently 19.46%.

Wall Street Analyst Weigh In

TRV has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Wells Fargo & Company boosted their price target on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Wolfe Research initiated coverage on Travelers Companies in a report on Monday, September 15th. They set a "peer perform" rating on the stock. UBS Group boosted their price target on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Finally, Wall Street Zen cut Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus target price 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.

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