Focus Partners Advisor Solutions LLC Has $2.34 Million Stake in The Travelers Companies, Inc. $TRV

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in The Travelers Companies, Inc. by 54.1%, bringing its total holdings to 8,838 shares worth approximately $2.34 million.
• The company reported $6.51 EPS for its latest quarter, exceeding analyst expectations and showcasing a 7.4% year-over-year revenue growth.
• Travelers Companies declared a quarterly dividend of $1.10, reflecting a 1.6% dividend yield with a payout ratio of 19.46%.

Focus Partners Advisor Solutions LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 54.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,838 shares of the insurance provider's stock after acquiring an additional 3,101 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Travelers Companies were worth $2,337,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PFG Advisors grew its position in Travelers Companies by 108.8% in the first 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 stake in shares of Travelers Companies by 3.0% in the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock valued at $16,120,000 after buying an additional 1,772 shares during the period. Portside Wealth Group LLC acquired a new position in shares of Travelers Companies in the first quarter valued at approximately $208,000. Atlas Capital Advisors Inc. increased its stake in shares of Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock valued at $1,205,000 after buying an additional 4,098 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Travelers Companies by 47.3% in the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock valued at $1,403,000 after buying an additional 1,703 shares during the period. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 1.5%

Shares of Travelers Companies stock traded down $4.06 on Friday, reaching $275.37. 970,738 shares of the company's stock were exchanged, compared to its average volume of 1,166,662. The company has a market capitalization of $61.99 billion, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 3.16 and a beta of 0.53. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The firm's 50-day moving average is $264.94 and its two-hundred day moving average is $262.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.51 EPS. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS 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 issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 19.46%.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company'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 in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TRV has been the subject of several recent research reports. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Citigroup initiated coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective for the company. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target 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.