LPL Financial LLC Purchases 8,212 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• LPL Financial LLC increased its holdings in The Travelers Companies by 4.2%, bringing their ownership to 206,005 shares, valued at $54.48 million.
• Travelers Companies reported a Q2 earnings per share (EPS) of $6.51, significantly exceeding analysts' expectations of $3.52 and achieving a year-over-year revenue increase of 7.4%.
• The company declared a quarterly dividend of $1.10 per share, indicating a 1.7% yield with a modest payout ratio of 19.46%.

LPL Financial LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,005 shares of the insurance provider's stock after purchasing an additional 8,212 shares during the quarter. LPL Financial LLC owned 0.09% of Travelers Companies worth $54,480,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TRV. Cornerstone Planning Group LLC boosted its position in 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 last quarter. Putney Financial Group LLC bought a new stake in shares of Travelers Companies in the fourth quarter worth $26,000. Ameriflex Group Inc. acquired a new position in Travelers Companies during the fourth quarter worth $26,000. Kapitalo Investimentos Ltda bought a new position in Travelers Companies in the fourth quarter valued at $30,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in Travelers Companies in the 4th quarter valued at $33,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $260.13 on Friday. The firm has a market cap of $58.56 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 3.03 and a beta of 0.51. The business's 50 day moving average is $264.33 and its 200-day moving average is $257.57. 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 $206.43 and a 1-year high of $277.83.

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, beating 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 firm had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the firm posted $2.51 EPS. The company's revenue for the quarter was up 7.4% on a year-over-year basis. 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 firm 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 of this dividend is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. Travelers Companies's payout ratio is currently 19.46%.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 20,286 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the transaction, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. This trade represents a 42.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction that occurred 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 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 175,374 shares of company stock worth $47,929,912. Company insiders own 1.46% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Citigroup restated a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 21st. Evercore ISI increased their price target on Travelers Companies from $288.00 to $296.00 and gave the company an "outperform" rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. raised their price target on Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a research note on Tuesday, April 8th. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, UBS Group raised their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $279.82.

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.

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