Plato Investment Management Ltd Acquires Shares of 6,253 The Travelers Companies, Inc. $TRV

Key Points

• Plato Investment Management acquired 6,253 shares of Travelers Companies in the second quarter, valued at approximately $2.05 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported second-quarter EPS of $10.04, substantially exceeding the $5.41 consensus estimate, while revenue reached $12.15 billion. The company also announced a quarterly dividend of $1.25, equivalent to a 1.4% annual yield.
• Analyst sentiment remains mixed: MarketBeat’s consensus rating is Hold, with an average price target of $354.26. Meanwhile, two executives sold a combined 21,313 shares in July, and insiders have sold 62,667 shares worth $22.7 million over the past 90 days.

Plato Investment Management Ltd acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,253 shares of the insurance provider's stock, valued at approximately $2,052,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $26,000. HHM Wealth Advisors LLC grew its stake in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after buying an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in Travelers Companies in the fourth quarter valued at $26,000. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at about $26,000. Finally, Osterweis Capital Management Inc. raised its stake in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 82.45% of the company's stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the transaction, the executive vice president directly owned 9,213 shares of the company's stock, valued at $3,393,884.94. This trade represents a 63.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Donnay Rowland sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 62,667 shares of company stock worth $22,688,329. Insiders own 1.39% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on TRV shares. BMO Capital Markets lowered shares of Travelers Companies from an "outperform" rating to a "market perform" rating and upped their price target for the company from $314.00 to $379.00 in a research report on Tuesday, July 21st. The Goldman Sachs Group cut shares of Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price objective on the stock. in a research report on Monday, July 20th. Barclays raised their price target on Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Finally, HSBC upped their target price on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a research note on Monday, July 6th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $354.26.

Travelers Companies Stock Down 1.6%

NYSE TRV opened at $364.50 on Tuesday. The stock's 50-day moving average price is $347.35 and its 200-day moving average price is $316.08. 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 company has a market capitalization of $76.03 billion, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company's revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $6.51 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies's dividend payout ratio (DPR) is 13.39%.

Travelers Companies Company Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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