Entropy Technologies LP Has $2.11 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Entropy Technologies LP reduced its holdings in The Travelers Companies by 25.6%, resulting in ownership of 7,965 shares valued at approximately $2.11 million as of the end of the last quarter.
• Institutional investors own 82.45% of the stock, with notable increases from hedge funds such as PFG Advisors and Alpha Cubed Investments during the first quarter.
• The Travelers Companies reported $6.51 earnings per share for the last quarter, significantly exceeding analyst expectations, alongside a 7.4% year-over-year revenue increase.

Entropy Technologies LP reduced its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 25.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,965 shares of the insurance provider's stock after selling 2,737 shares during the period. Entropy Technologies LP's holdings in Travelers Companies were worth $2,106,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. PFG Advisors increased its holdings in shares of Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock valued at $1,125,000 after acquiring an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. increased its holdings in shares of Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock valued at $16,120,000 after acquiring an additional 1,772 shares during the last quarter. Portside Wealth Group LLC acquired a new position in shares of Travelers Companies during the 1st quarter valued at about $208,000. Concurrent Investment Advisors LLC increased its holdings in shares of Travelers Companies by 47.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock valued at $1,403,000 after acquiring an additional 1,703 shares during the last quarter. Finally, Alpha Cubed Investments LLC increased its holdings in shares of Travelers Companies by 200.2% during the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider's stock valued at $870,000 after acquiring an additional 2,194 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group increased their price objective on 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 increased their target price on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Evercore ISI increased their target price on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research note on Thursday, April 17th. Citigroup restated a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 21st. Finally, Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $282.69.

Insider Activity

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction 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 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 trade represents a 38.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the completion of the sale, the insider directly owned 48,387 shares of the company's stock, valued at $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,374 shares of company stock worth $47,929,912. 1.46% of the stock is currently owned by insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $265.00 on Monday. 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 company has a market capitalization of $59.66 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 3.07 and a beta of 0.51. The Travelers Companies, Inc. has a one year low of $208.63 and a one year high of $277.83. The business has a 50 day simple moving average of $263.16 and a 200 day simple moving average of $258.78.

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, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same period last year, the firm posted $2.51 EPS. The business's revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is currently 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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