Sax Wealth Advisors LLC Buys Shares of 2,071 The Travelers Companies, Inc. $TRV

Key Points

• Sax Wealth Advisors LLC has acquired 2,071 shares of The Travelers Companies, Inc. for approximately $554,000 as part of its new investment in the company during the second quarter.
• In the same quarter, Valeo Financial Advisors LLC significantly increased its holdings by over 71,000%, now owning over 3.6 million shares worth nearly $968 million.
• The Travelers Companies recently reported an EPS of $6.51 for the latest quarter, exceeding expectations and marking a 7.4% year-over-year revenue growth.

Sax Wealth Advisors LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,071 shares of the insurance provider's stock, valued at approximately $554,000.

Several other large investors have also recently bought and sold shares of the company. Valeo Financial Advisors LLC raised its position in shares of Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider's stock worth $967,646,000 after acquiring an additional 3,611,758 shares during the last quarter. Nuveen LLC bought a new position in shares of Travelers Companies during the first quarter worth about $294,755,000. Bahl & Gaynor Inc. raised its position in shares of Travelers Companies by 41.2% during 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. raised its position in shares of Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after acquiring an additional 390,104 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Travelers Companies by 86.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider's stock worth $197,686,000 after acquiring an additional 342,666 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.8%

Shares of Travelers Companies stock opened at $282.80 on Thursday. The stock has a market capitalization of $63.67 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 3.27 and a beta of 0.51. 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 52 week low of $227.02 and a 52 week high of $287.95. The stock has a 50 day moving average price of $273.15 and a two-hundred day moving average price of $265.96.

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, beating the consensus estimate of $3.52 by $2.99. The company 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%.Travelers Companies's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.51 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors 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 1.6%. Travelers Companies's payout ratio is presently 19.46%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TRV shares. Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. UBS Group raised their price objective on Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday. Barclays set a $313.00 price objective on Travelers Companies in a research report on Wednesday. Citigroup started coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price 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 equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $288.67.

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.