Knightsbridge Asset Management LLC Takes Position in The Travelers Companies, Inc. $TRV

Key Points

• Knightsbridge Asset Management LLC made a new investment of approximately $243,000 in The Travelers Companies, acquiring 919 shares during the first quarter.
• The Travelers Companies has a dividend yield of 1.6% with a quarterly dividend of $1.10 per share announced for distribution on September 30th.
• The stock is currently priced at $275.37, with a twelve-month range of $224.62 to $280.70 and a market cap of $61.99 billion.

Knightsbridge Asset Management LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 919 shares of the insurance provider's stock, valued at approximately $243,000.

A number of other institutional investors have also added to or reduced their stakes in TRV. Brighton Jones LLC increased its position in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies in the fourth quarter worth approximately $276,000. EP Wealth Advisors LLC grew its position in Travelers Companies by 22.8% during the fourth quarter. EP Wealth Advisors LLC now owns 7,526 shares of the insurance provider's stock valued at $1,813,000 after acquiring an additional 1,397 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Travelers Companies by 44.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 5,902 shares of the insurance provider's stock worth $1,422,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Travelers Companies by 21.4% during the fourth quarter. Deutsche Bank AG now owns 821,969 shares of the insurance provider's stock worth $198,004,000 after acquiring an additional 144,993 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on TRV shares. Keefe, Bruyette & Woods increased their target price 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. Citigroup assumed 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. Wells Fargo & Company raised their price objective on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a report on Wednesday, August 13th. Finally, Morgan Stanley set a $269.00 target price on Travelers Companies and gave the company an "equal weight" rating in a report on Monday, May 19th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $284.56.

Travelers Companies Trading Up 0.1%

TRV traded up $0.27 during midday trading on Friday, reaching $279.70. 259,209 shares of the company's stock traded hands, compared to its average volume of 1,312,715. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a fifty day moving average of $265.84 and a two-hundred day moving average of $263.20. The stock has a market capitalization of $62.97 billion, a price-to-earnings ratio of 12.37, a P/E/G ratio of 3.13 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share 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 analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $2.51 EPS. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

Insider Buying and Selling at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business'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 disclosure for this sale can be found here. 1.46% of the stock is currently owned by corporate insiders.

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.