Nicholas Hoffman & Company LLC. Boosts Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Nicholas Hoffman & Company LLC increased its stock position in The Travelers Companies by 46.6%, now owning 6,895 shares valued at approximately $1.82 million.
• A significant number of institutional investors are making moves, with Cornerstone Planning Group LLC increasing its holdings by 700% and various others acquiring new stakes, leading to institutional ownership exceeding 82.45%.
• The Travelers Companies reported $6.51 EPS in its last quarter, significantly surpassing estimates, along with a 7.4% year-over-year revenue increase.

Nicholas Hoffman & Company LLC. grew its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 46.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,895 shares of the insurance provider's stock after buying an additional 2,191 shares during the quarter. Nicholas Hoffman & Company LLC.'s holdings in Travelers Companies were worth $1,823,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its position in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after buying an additional 84 shares in the last quarter. Putney Financial Group LLC purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Kapitalo Investimentos Ltda acquired a new stake in shares of Travelers Companies in the fourth quarter worth approximately $30,000. Finally, Wood Tarver Financial Group LLC acquired a new stake in shares of Travelers Companies in the fourth quarter worth approximately $33,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Friday, July 18th. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 21st. Evercore ISI lifted their price target on Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research note on Thursday, April 17th. Finally, Keefe, Bruyette & Woods lifted 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. Two investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $279.82.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 20,286 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.48, for a total transaction of $5,547,815.28. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. This represents a 42.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Avrohom J. Kess sold 23,434 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.93, for a total value of $6,419,275.62. Following the transaction, the insider directly owned 48,387 shares of the company's stock, valued at approximately $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 175,374 shares of company stock worth $47,929,912. Corporate insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $265.20 on Wednesday. The stock's 50-day moving average is $263.68 and its two-hundred day moving average is $258.16. 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 Travelers Companies, Inc. has a 1-year low of $207.32 and a 1-year high of $277.83. The company has a market cap of $59.70 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 3.05 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. Travelers Companies's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.51 EPS. Analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Travelers Companies Company 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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