25,474 Shares in The Travelers Companies, Inc. $TRV Purchased by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has acquired a new position in The Travelers Companies, Inc., purchasing 25,474 shares valued at approximately $6.74 million.
• Insider transactions revealed that EVP Mojgan M. Lefebvre sold 16,820 shares for over $4.6 million, and EVP Gregory C. Toczydlowski sold 11,505 shares, indicating significant insider activity.
• The Travelers Companies has recently announced a quarterly dividend of $1.10 per share, with a projected annualized dividend yield of 1.6%.

Graham Capital Management L.P. purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,474 shares of the insurance provider's stock, valued at approximately $6,737,000.

Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its stake in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after acquiring an additional 84 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the 1st quarter valued at $26,000. Ameriflex Group Inc. purchased a new stake in Travelers Companies during the 4th quarter valued at about $26,000. Putney Financial Group LLC acquired a new position in Travelers Companies in the 4th quarter worth about $26,000. Finally, Capital Analysts LLC grew its position in Travelers Companies by 248.6% in the first 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 currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on TRV shares. Wells Fargo & Company lifted their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods lifted their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. UBS Group increased their target price on shares of 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 raised shares of 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $284.56.

Insider Activity

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's 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 completion of the transaction, the executive vice president directly owned 18,416 shares in the company, valued at $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.46% of the company's stock.

Travelers Companies Stock Performance

NYSE:TRV traded up $2.65 during mid-day trading on Wednesday, reaching $276.00. 1,115,625 shares of the stock were exchanged, compared to its average volume of 1,117,857. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $264.07 and a 200-day simple moving average of $261.67. The stock has a market capitalization of $62.14 billion, a P/E ratio of 12.21, a P/E/G ratio of 3.12 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $224.62 and a 1 year high of $279.04.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS 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 for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the firm posted $2.51 earnings per share. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared 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 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's payout ratio is 19.46%.

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.