Modern Wealth Management LLC Takes Position in The Travelers Companies, Inc. $TRV

Key Points

• Modern Wealth Management LLC acquired a new position in The Travelers Companies, Inc., purchasing 1,721 shares valued at approximately $455,000 in the 1st quarter.
• GAMMA Investing LLC increased its stake by an astonishing 31,132.9%, acquiring 2,196,426 additional shares, bringing its total holdings to over $582 million.
• The Travelers Companies reported $6.51 EPS, significantly exceeding the consensus estimate of $3.52, alongside a 7.4% revenue growth year-over-year.

Modern Wealth Management LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,721 shares of the insurance provider's stock, valued at approximately $455,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. GAMMA Investing LLC increased its holdings in Travelers Companies by 31,132.9% in the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock worth $582,733,000 after acquiring an additional 2,196,426 shares in the last quarter. Nuveen LLC purchased a new stake in Travelers Companies in the 1st quarter worth approximately $294,755,000. Bahl & Gaynor Inc. increased its holdings in Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock worth $444,101,000 after acquiring an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after purchasing an additional 390,104 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Travelers Companies by 12.0% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider's stock worth $653,443,000 after purchasing an additional 291,506 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

TRV stock opened at $278.83 on Monday. 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 business's fifty day simple moving average is $266.13 and its two-hundred day simple moving average is $263.54. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $280.70. The firm has a market cap of $62.77 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 3.20 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.51 earnings per share. Analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be given a dividend of $1.10 per share. 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 1.6%. Travelers Companies's dividend payout ratio (DPR) is presently 19.46%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Citigroup assumed coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price target for the company. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an "equal weight" rating in a research note on Monday, May 19th. Keefe, Bruyette & Woods upped their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Wells Fargo & Company increased their target price on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average target price 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 stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. The trade was 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.

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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