Pure Financial Advisors LLC Buys 1,106 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Pure Financial Advisors LLC increased its stake in The Travelers Companies, Inc. by 105.3%, acquiring an additional 1,106 shares, bringing their total holdings to 2,156 shares valued at $577,000.
• Several other institutional investors, including Nuveen LLC and Bahl & Gaynor Inc., also made significant investments in Travelers, with institutional ownership now at 82.45%.
• The Travelers Companies recently announced a quarterly dividend of $1.10 per share, reflecting a 1.5% dividend yield and a payout ratio of 19.46%.

Pure Financial Advisors LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 105.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,156 shares of the insurance provider's stock after acquiring an additional 1,106 shares during the quarter. Pure Financial Advisors LLC's holdings in Travelers Companies were worth $577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TRV. Nuveen LLC bought a new position in shares of Travelers Companies in the first quarter worth about $294,755,000. Bahl & Gaynor Inc. lifted its holdings in shares of Travelers Companies by 41.2% in the first 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 during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock valued at $511,631,000 after buying an additional 390,104 shares during the period. Robeco Institutional Asset Management B.V. increased its stake in shares of Travelers Companies by 86.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider's stock valued at $197,686,000 after buying an additional 342,666 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Travelers Companies by 24.0% in the first quarter. AQR Capital Management LLC now owns 1,431,736 shares of the insurance provider's stock valued at $377,921,000 after buying an additional 276,850 shares during the period. Institutional investors own 82.45% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TRV. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group upped their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Wolfe Research began coverage on Travelers Companies in a research note on Monday, September 15th. They issued a "peer perform" rating for the company. Citigroup began coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective for the company. Finally, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Travelers Companies in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $284.56.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.46% of the company's stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $284.93 on Friday. The company has a market capitalization of $64.15 billion, a PE ratio of 12.60, a P/E/G ratio of 3.22 and a beta of 0.51. The company has a 50 day simple moving average of $271.60 and a two-hundred day simple moving average of $265.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $286.17.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results 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. The business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.51 EPS. Research analysts anticipate 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 was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were given a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.