Spectrum Planning & Advisory Services Inc. Takes Position in The Travelers Companies, Inc. $TRV

Key Points

• Spectrum Planning & Advisory Services Inc. acquired 1,070 shares of The Travelers Companies during Q2, valued at approximately $286,000.
• Insider transactions included EVP Gregory C. Toczydlowski selling 11,505 shares for over $3 million, reducing his ownership by 38.45%.
• Travelers Companies' quarterly earnings surpassed expectations, reporting an EPS of $6.51, while the company announced a quarterly dividend of $1.10 per share.

Spectrum Planning & Advisory Services Inc. acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,070 shares of the insurance provider's stock, valued at approximately $286,000.

A number of other large investors have also recently made changes to their positions in TRV. GAMMA Investing LLC grew its holdings in shares of Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after buying an additional 2,196,426 shares during the last quarter. Nuveen LLC acquired a new position in Travelers Companies during the first quarter valued at $294,755,000. Bahl & Gaynor Inc. lifted its position in Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after purchasing an additional 490,039 shares during the period. Goldman Sachs Group Inc. lifted its position in 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 valued at $511,631,000 after purchasing an additional 390,104 shares during the period. Finally, AQR Capital Management LLC lifted its position in Travelers Companies by 24.0% during 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 purchasing an additional 276,850 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president owned 18,416 shares of the company's stock, valued at $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 available at this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TRV. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wolfe Research began coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a "peer perform" rating for the company. Citigroup began coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $284.56.

Travelers Companies Trading Up 0.1%

Shares of Travelers Companies stock opened at $276.54 on Thursday. The company has a market cap of $62.26 billion, a P/E ratio of 12.23, a price-to-earnings-growth ratio of 3.17 and a beta of 0.53. The firm has a 50-day simple moving average of $269.52 and a two-hundred day simple moving average of $264.46. 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 $280.70.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.51 earnings per share. As a group, equities analysts predict 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 will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies's payout ratio is currently 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.

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