GKV Capital Management Co. Inc. Invests $307,000 in The Travelers Companies, Inc. $TRV

Key Points

• GKV Capital Management Co. Inc. has initiated a new investment in The Travelers Companies, purchasing 1,160 shares valued at approximately $307,000.
• The Travelers Companies reported a quarterly earnings per share of $6.51, significantly exceeding analysts' expectations of $3.52, and achieved a revenue of $11.54 billion.
• Travelers Companies has announced a quarterly dividend of $1.10 per share, with a yield of 1.6%, set to be paid on September 30th.

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

Several other large investors also recently bought and sold shares of TRV. Vanguard Group Inc. grew its position in shares of Travelers Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider's stock worth $5,747,656,000 after buying an additional 115,808 shares in the last quarter. Bank of America Corp DE grew its position in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after buying an additional 2,466,098 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Travelers Companies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider's stock worth $899,988,000 after buying an additional 25,573 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Travelers Companies by 12.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider's stock worth $653,443,000 after buying an additional 291,506 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after buying an additional 2,196,426 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Up 0.6%

TRV traded up $1.55 during trading on Tuesday, reaching $273.06. The company had a trading volume of 1,408,810 shares, compared to its average volume of 1,328,392. The firm's 50-day simple moving average is $263.93 and its 200 day simple moving average is $261.59. The company has a market cap of $61.47 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 3.12 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $279.04. 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 announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion during 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 firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.51 EPS. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a $1.10 dividend. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on TRV shares. Citigroup started coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target for the company. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group raised their price objective on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $284.56.

Insider Activity

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated 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 transaction, the executive vice president 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 SEC, which is available at this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by company insiders.

Travelers Companies Company 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.