Goldman Sachs Group Inc. Has $511.63 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Key Points

• Goldman Sachs Group Inc. increased its stake in The Travelers Companies by 25.3%, totaling approximately $511.6 million as of its latest SEC filing.
• The Travelers Companies reported earnings of $6.51 per share for the last quarter, significantly surpassing analysts' expectations of $3.52, and revenue rose 7.4% year-over-year.
• The company declared a $1.10 quarterly dividend, which annualizes to a 1.7% yield, with the dividend payment set for September 30th.

Goldman Sachs Group Inc. grew its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 25.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,934,625 shares of the insurance provider's stock after purchasing an additional 390,104 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.85% of Travelers Companies worth $511,631,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Planning Group LLC raised its stake in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Ameriflex Group Inc. acquired a new position in Travelers Companies in the fourth quarter valued at $26,000. Putney Financial Group LLC acquired a new position in Travelers Companies in the fourth quarter valued at $26,000. Kapitalo Investimentos Ltda acquired a new position in Travelers Companies in the fourth quarter valued at $30,000. Finally, Hughes Financial Services LLC acquired a new position in Travelers Companies in the first quarter valued at $33,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 20,286 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $273.48, for a total value of $5,547,815.28. Following the completion of the sale, the chief financial officer directly owned 26,932 shares of the company's stock, valued at $7,365,363.36. The trade was a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 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 disclosure for this sale can be found here. Over the last three months, insiders sold 175,374 shares of company stock valued at $47,929,912. 1.46% of the stock is owned by company insiders.

Travelers Companies Price Performance

Shares of TRV stock traded down $0.36 during midday trading on Friday, reaching $265.00. 920,467 shares of the company were exchanged, compared to its average volume of 1,321,157. The Travelers Companies, Inc. has a 12 month low of $208.63 and a 12 month high of $277.83. The company has a market cap of $59.66 billion, a P/E ratio of 11.72, a PEG ratio of 3.07 and a beta of 0.51. The company's 50 day moving average price is $263.16 and its two-hundred day moving average price is $258.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's payout ratio is currently 19.46%.

Analyst Ratings Changes

A number of research firms have commented on TRV. Citigroup restated a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 21st. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday. UBS Group increased their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Jefferies Financial Group increased their target price on shares of Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $282.69.

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.