TCM Advisors LLC Takes Position in The Travelers Companies, Inc. $TRV

Key Points

• TCM Advisors LLC purchased 4,876 Travelers shares worth approximately $1.075 million, adding the insurer as its 17th-largest holding. Institutional investors collectively own 82.45% of Travelers.
• Travelers reported strong quarterly results, with EPS of $10.04 versus the $5.41 consensus and revenue of $12.15 billion, up slightly year over year. The company also maintains a $1.25 quarterly dividend, equivalent to a 1.4% yield.
• Analyst sentiment remains mixed: the stock has an average “Hold” rating and a consensus price target of $354.26, below its reported trading price of $363.83. Several insiders have sold shares recently, including executives who collectively sold 62,667 shares over 90 days.

TCM Advisors LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,876 shares of the insurance provider's stock, valued at approximately $1,075,000. Travelers Companies makes up about 0.1% of TCM Advisors LLC's investment portfolio, making the stock its 17th biggest holding.

Several other institutional investors have also modified their holdings of TRV. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Travelers Companies during the 4th quarter worth about $24,167,000. Rit Capital Partners PLC purchased a new stake in shares of Travelers Companies during the 4th quarter valued at $39,450,000. UBS Group AG increased its holdings in shares of Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider's stock worth $514,786,000 after buying an additional 89,159 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of Travelers Companies by 34.6% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 13,006 shares of the insurance provider's stock worth $3,794,000 after buying an additional 3,342 shares during the last quarter. Finally, Swiss Life Asset Management Ltd raised its position in shares of Travelers Companies by 41.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider's stock worth $19,149,000 after buying an additional 19,347 shares during the period. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insiders Place Their Bets

In related news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares of the company's stock, valued at $26,638,758. The trade was a 9.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 62,667 shares of company stock valued at $22,688,329. Insiders own 1.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on TRV shares. Cantor Fitzgerald lifted their target price on Travelers Companies from $335.00 to $360.00 and gave the company an "overweight" rating in a report on Thursday, July 9th. TD Cowen downgraded Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price objective on the stock. in a report on Monday, July 13th. Zacks Research raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Bank of America increased their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an "underperform" rating in a research report on Monday, July 20th. Finally, UBS Group raised their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $354.26.

Travelers Companies Trading Up 0.1%

NYSE:TRV opened at $363.83 on Monday. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The business's 50-day moving average is $352.28 and its two-hundred day moving average is $318.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $75.89 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the business posted $6.51 EPS. The company's revenue was up .3% on a year-over-year basis. Research analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies's dividend payout ratio (DPR) is currently 13.39%.

Travelers Companies Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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