GKV Capital Management Co. Inc. Buys New Position in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• GKV Capital Management Co. Inc. invested approximately $307,000 in The Travelers Companies, buying 1,160 shares in the first quarter.
• Travelers reported earnings per share of $6.51 for the last quarter, significantly exceeding analysts' expectations of $3.52, alongside a revenue increase of 7.4% year-over-year.
• Travelers Companies declared a quarterly dividend of $1.10 per share, set to be paid on September 30th, providing a dividend yield of 1.7%.

GKV Capital Management Co. Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,160 shares of the insurance provider's stock, valued at approximately $307,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in 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 acquiring an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the first quarter valued at $26,000. Ameriflex Group Inc. bought a new stake in Travelers Companies during the fourth quarter valued at $26,000. Putney Financial Group LLC bought a new stake in Travelers Companies during the fourth quarter valued at $26,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Travelers Companies during the fourth quarter valued at $30,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of TRV traded down $3.02 during mid-day trading on Friday, reaching $265.57. 1,295,665 shares of the stock traded hands, compared to its average volume of 1,337,458. The firm has a fifty day moving average price of $262.58 and a 200 day moving average price of $259.17. The company has a market cap of $59.79 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 3.08 and a beta of 0.51. 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 Travelers Companies, Inc. has a 1 year low of $215.39 and a 1 year high of $277.83.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.51 EPS. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's payout ratio is currently 19.46%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased 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 report on Friday, July 18th. UBS Group increased their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Citigroup assumed coverage on shares of Travelers Companies in a research report on Wednesday. They set a "neutral" rating and a $291.00 price objective on the stock. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $284.56.

Insider Activity at Travelers Companies

In other news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the completion of the sale, the executive vice president directly owned 118,116 shares of the company's stock, valued at approximately $32,387,407.20. The trade was a 23.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock worth $47,929,912 in the last three months. 1.46% of the stock is owned by insiders.

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.