5,104 Shares in The Travelers Companies, Inc. $TRV Bought by FJ Capital Management LLC

Key Points

• FJ Capital Management LLC acquired 5,104 shares of The Travelers Companies, Inc. (NYSE: TRV) in the first quarter, valued at around $1.35 million.
• Travelers Companies reported $6.51 earnings per share for its last quarter, significantly exceeding analyst estimates of $3.52.
• The company recently announced a quarterly dividend of $1.10 per share, with a dividend yield of 1.6% scheduled for payment on September 30th.

FJ Capital Management LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 5,104 shares of the insurance provider's stock, valued at approximately $1,350,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its stake in shares of Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies in the 1st quarter worth approximately $26,000. Ameriflex Group Inc. purchased a new stake in Travelers Companies during the 4th quarter worth approximately $26,000. Putney Financial Group LLC purchased a new position in shares of Travelers Companies in the 4th quarter valued at $26,000. Finally, Capital Analysts LLC lifted its stake in shares of Travelers Companies by 248.6% in the 1st quarter. Capital Analysts LLC now owns 122 shares of the insurance provider's stock worth $33,000 after acquiring an additional 87 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of Travelers Companies stock traded up $2.65 during trading hours on Wednesday, hitting $276.00. The company's stock had a trading volume of 1,115,625 shares, compared to its average volume of 1,117,857. The business has a 50 day moving average price of $264.37 and a two-hundred day moving average price of $261.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $279.04. The company has a market cap of $62.14 billion, a PE ratio of 12.21, a PEG ratio of 3.12 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping 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 company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the prior year, the business earned $2.51 earnings per share. Travelers Companies's revenue was up 7.4% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business 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 yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 19.46%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TRV. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an "equal weight" rating in a research report on Monday, May 19th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Wall Street Zen cut Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.