Natixis Advisors LLC Has $30.26 Million Stake in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Natixis Advisors LLC increased its stake in The Travelers Companies by 16.3%, holding approximately 114,415 shares worth $30.26 million as of the latest SEC filing.
• In the first quarter, multiple hedge funds increased their stakes in Travelers Companies, indicating growing institutional interest, with overall institutional ownership at 82.45%.
• The company reported $6.51 earnings per share for the last quarter, significantly above the consensus estimate of $3.52, contributing to a revenue increase of 7.4% year-over-year.

Natixis Advisors LLC increased its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 16.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 114,415 shares of the insurance provider's stock after purchasing an additional 16,029 shares during the period. Natixis Advisors LLC owned about 0.05% of Travelers Companies worth $30,258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its stake in Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after purchasing an additional 84 shares during the period. Ameriflex Group Inc. acquired a new position in Travelers Companies in the 4th quarter worth approximately $26,000. Putney Financial Group LLC acquired a new position in Travelers Companies in the 4th quarter worth approximately $26,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies during the 4th quarter valued at $30,000. Finally, Hughes Financial Services LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at $33,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TRV shares. 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. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $260.00 to $271.00 and gave the company an "underweight" rating in a report on Tuesday, April 8th. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a report on Friday, July 18th. UBS Group boosted their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Finally, Jefferies Financial Group boosted their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Travelers Companies has an average rating of "Hold" and an average target price of $279.82.

Insider Activity at Travelers Companies

In related news, insider Avrohom J. Kess sold 23,434 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $273.93, for a total value of $6,419,275.62. Following the sale, the insider owned 48,387 shares of the company's stock, valued at $13,254,650.91. The trade was a 32.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 20,286 shares of the company's stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 26,932 shares in the company, valued at approximately $7,365,363.36. The trade was a 42.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 175,374 shares of company stock worth $47,929,912. Insiders own 1.46% of the company's stock.

Travelers Companies Stock Down 0.8%

Travelers Companies stock opened at $258.27 on Friday. The firm has a fifty day moving average price of $264.07 and a two-hundred day moving average price of $257.72. The Travelers Companies, Inc. has a fifty-two week low of $206.43 and a fifty-two week high of $277.83. 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 market cap of $58.14 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 3.04 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the previous year, the firm posted $2.51 EPS. The business's revenue was up 7.4% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. Travelers Companies's payout ratio is presently 19.46%.

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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