Flputnam Investment Management Co. Makes New Investment in The Travelers Companies, Inc. $TRV

Key Points

• Flputnam Investment Management opened a new Travelers Companies position in the second quarter, buying 4,125 shares valued at approximately $1.36 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported strong quarterly results, with earnings of $10.04 per share versus the $5.41 consensus estimate and revenue of $12.15 billion. Analysts maintain a consensus “Hold” rating with an average price target of $354.26.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield. Meanwhile, insiders sold 62,667 shares worth approximately $22.7 million over the past quarter.

Flputnam Investment Management Co. purchased a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,125 shares of the insurance provider's stock, valued at approximately $1,362,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. LifeSteps Financial Inc. purchased a new position in Travelers Companies in the 2nd quarter worth about $26,000. HHM Wealth Advisors LLC boosted its holdings in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $26,000. Whipplewood Advisors LLC bought a new stake in shares of Travelers Companies in the first quarter worth approximately $26,000. Finally, Osterweis Capital Management Inc. raised its holdings in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TRV shares. Wells Fargo & Company raised their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an "equal weight" rating in a report on Thursday, July 9th. Seaport Research Partners set a $322.00 target price on shares of Travelers Companies in a research note on Tuesday, May 26th. HSBC boosted their target price on shares of Travelers Companies from $321.00 to $351.00 and gave the company a "hold" rating in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Finally, Barclays lifted their price objective on Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average target price of $354.26.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the transaction, the executive vice president directly owned 9,213 shares in the company, valued at approximately $3,393,884.94. The trade was a 63.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the sale, the executive vice president directly owned 10,479 shares of the company's stock, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $364.50 on Tuesday. The firm has a 50 day moving average of $347.35 and a 200 day moving average of $316.08. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $76.03 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the firm earned $6.51 earnings per share. The company's quarterly revenue was up .3% on a year-over-year basis. On average, research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's payout ratio is presently 13.39%.

About Travelers Companies

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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