2,609 Shares in The Travelers Companies, Inc. $TRV Acquired by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC has acquired a new position in The Travelers Companies, purchasing 2,609 shares valued at approximately $690,000 during the 1st quarter.
• Other institutional investments include a 3.7% increase in stake from the Canada Pension Plan Investment Board, now owning 365,389 shares valued at $96.6 million.
• Travelers Companies announced a quarterly dividend of $1.10 per share, with a payout ratio of 19.46%, to be paid on September 30th.

Magnetar Financial LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,609 shares of the insurance provider's stock, valued at approximately $690,000.

Several other institutional investors have also added to or reduced their stakes in TRV. Brighton Jones LLC lifted its stake in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Travelers Companies in the fourth quarter worth about $276,000. Freestone Grove Partners LP bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $417,000. Keel Point LLC bought a new stake in shares of Travelers Companies during the fourth quarter valued at approximately $204,000. Finally, Aptus Capital Advisors LLC raised its stake in shares of Travelers Companies by 15.1% during the fourth quarter. Aptus Capital Advisors LLC now owns 4,820 shares of the insurance provider's stock valued at $1,161,000 after acquiring an additional 632 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRV. UBS Group lifted their price target 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. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a report on Wednesday, August 13th. Wall Street Zen lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. 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. Finally, Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. One 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $284.56.

Travelers Companies Stock Performance

Shares of TRV traded up $2.65 during trading hours on Wednesday, hitting $276.00. The stock had a trading volume of 1,115,625 shares, compared to its average volume of 1,117,857. The firm has a 50-day moving average price of $264.37 and a 200 day moving average price of $261.77. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $279.04. The firm has a market capitalization of $62.14 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 3.12 and a beta of 0.53. 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 released its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the company earned $2.51 earnings per share. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

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. 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 (DPR) is presently 19.46%.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company'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 transaction, the executive vice president owned 18,416 shares of the company's stock, valued at $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company 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.