HighTower Advisors LLC Has $42.42 Million Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• HighTower Advisors LLC increased its stake in The Travelers Companies, Inc. by 2.5%, owning approximately 0.07% of the company, valued at $42.42 million.
• Insider transactions showed executives, including EVP Maria Olivo and EVP Jeffrey P. Klenk, selling over 51,000 shares of the stock, representing significant decreases in their ownership.
• The Travelers Companies is set to pay a quarterly dividend of $1.10 per share, with an annualized yield of 1.6%, contributing to a dividend payout ratio of 19.46%.

HighTower Advisors LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,406 shares of the insurance provider's stock after acquiring an additional 3,887 shares during the quarter. HighTower Advisors LLC owned approximately 0.07% of Travelers Companies worth $42,421,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Bearing Point Capital LLC boosted its holdings in Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock worth $522,000 after purchasing an additional 38 shares in the last quarter. Forum Financial Management LP boosted its holdings in Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after purchasing an additional 39 shares in the last quarter. Y.D. More Investments Ltd boosted its holdings in Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock worth $84,000 after purchasing an additional 39 shares in the last quarter. Smith Salley Wealth Management boosted its holdings in Travelers Companies by 0.6% in the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after purchasing an additional 44 shares in the last quarter. Finally, Northern Financial Advisors Inc boosted its holdings in Travelers Companies by 0.7% in the first quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock worth $1,739,000 after purchasing an additional 45 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 36,199 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the transaction, the executive vice president owned 118,116 shares of the company's stock, valued at $32,387,407.20. This represents a 23.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey P. Klenk sold 15,180 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $272.87, for a total transaction of $4,142,166.60. Following the completion of the transaction, the executive vice president directly owned 6,075 shares of the company's stock, valued at $1,657,685.25. This trade represents a 71.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 175,374 shares of company stock valued at $47,929,912. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Stock Up 2.1%

NYSE TRV opened at $269.60 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a 50-day simple moving average of $262.63 and a 200 day simple moving average of $259.05. The Travelers Companies, Inc. has a twelve month low of $211.20 and a twelve month high of $277.83. The stock has a market cap of $60.70 billion, a PE ratio of 11.92, a PEG ratio of 3.02 and a beta of 0.51.

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

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's dividend payout ratio is 19.46%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Travelers Companies in a report on Tuesday. They issued an "overweight" rating and a $308.00 price objective for the company. Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Evercore ISI upped their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a report on Thursday, April 17th. Finally, Wells Fargo & Company upped their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and an average price target of $284.56.

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.

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