R.H. Investment Group LLC Makes New Investment in The Travelers Companies, Inc. $TRV

Key Points

• R.H. Investment Group LLC has acquired 20,304 shares of The Travelers Companies, Inc. valued at approximately $5.43 million, making TRV their 6th largest holding.
• Several institutional investors have increased their stakes in Travelers Companies, with notable purchases including Bahl & Gaynor Inc. increasing their ownership by 41.2% and Alyeska Investment Group L.P. lifting their position by 540.7%.
• The Travelers Companies recently reported $6.51 earnings per share (EPS) for the last quarter, exceeding analysts' expectations and reflecting a 7.4% increase in revenue year over year.

R.H. Investment Group LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 20,304 shares of the insurance provider's stock, valued at approximately $5,432,000. Travelers Companies accounts for 5.0% of R.H. Investment Group LLC's holdings, making the stock its 6th largest holding.

A number of other institutional investors have also added to or reduced their stakes in TRV. Nuveen LLC bought a new position in shares of Travelers Companies during the 1st quarter worth approximately $294,755,000. Bahl & Gaynor Inc. raised its stake 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 valued at $444,101,000 after acquiring an additional 490,039 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 buying an additional 390,104 shares during the period. AQR Capital Management LLC raised its holdings in Travelers Companies by 24.0% during the 1st quarter. AQR Capital Management LLC now owns 1,431,736 shares of the insurance provider's stock valued at $377,921,000 after acquiring an additional 276,850 shares during the period. Finally, Alyeska Investment Group L.P. lifted its position in shares of Travelers Companies by 540.7% during the first quarter. Alyeska Investment Group L.P. now owns 320,345 shares of the insurance provider's stock worth $84,718,000 after acquiring an additional 270,345 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRV has been the subject of several recent research reports. Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Barclays cut Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $280.00 to $274.00 in a research report on Monday, July 7th. UBS Group boosted their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Citigroup initiated coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price on the stock. Finally, Wolfe Research started coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a "peer perform" rating for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $284.56.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares of the company's stock, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

Travelers Companies stock opened at $277.73 on Monday. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $280.70. The stock's 50 day simple moving average is $270.00 and its two-hundred day simple moving average is $264.89. 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 stock has a market cap of $62.53 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 3.19 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results 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 return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the prior year, the company earned $2.51 EPS. The business's revenue was up 7.4% compared to the same quarter last year. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's payout ratio is 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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