Ritholtz Wealth Management Increases Position in The Travelers Companies, Inc. $TRV

Key Points

• Ritholtz Wealth Management increased its position in The Travelers Companies by 4.5% during the second quarter, owning a total of 37,591 shares worth approximately $10.06 million.
• Travelers Companies reported a last quarter earnings of $6.51 per share, significantly exceeding analysts' expectations of $3.52, with a revenue of $11.54 billion.
• Recent dividend announcement revealed a payment of $1.10 per share, translating to an annual yield of 1.6% with a payout ratio of approximately 19.46%.

Ritholtz Wealth Management increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,591 shares of the insurance provider's stock after acquiring an additional 1,606 shares during the period. Ritholtz Wealth Management's holdings in Travelers Companies were worth $10,057,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Brighton Jones LLC increased its position in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Travelers Companies during the fourth quarter valued at about $276,000. GAMMA Investing LLC increased its stake in shares of Travelers Companies by 18.1% during the 1st quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider's stock worth $2,203,000 after purchasing an additional 1,277 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Travelers Companies by 1.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,322 shares of the insurance provider's stock worth $42,927,000 after buying an additional 2,932 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Travelers Companies in the first quarter valued at $1,384,000. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale 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 Travelers Companies stock in a transaction 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 $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

NYSE:TRV opened at $275.59 on Wednesday. The Travelers Companies, Inc. has a 52-week low of $230.23 and a 52-week high of $287.95. The stock has a fifty day moving average of $274.03 and a 200 day moving average of $266.31. 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 firm has a market capitalization of $62.04 billion, a price-to-earnings ratio of 12.19, a P/E/G ratio of 3.03 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.51 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies's payout ratio is presently 19.46%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TRV shares. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $289.00 to $297.00 and gave the stock an "underweight" rating in a report on Thursday, October 9th. Cantor Fitzgerald upgraded shares of Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. UBS Group raised their price target on Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Travelers Companies currently has an average rating of "Hold" and an average target price of $290.11.

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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

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.