The Travelers Companies, Inc. $TRV Shares Acquired by Park Avenue Securities LLC

Key Points

• Park Avenue Securities LLC increased its stake in The Travelers Companies, Inc. by 19.6% in Q2, owning 14,949 shares worth approximately $4 million after purchasing an additional 2,450 shares.
• Travelers reported a net income of $6.51 per share for the latest quarter, significantly exceeding analysts' expectations of $3.52, alongside a revenue of $11.54 billion.
• The firm announced a quarterly dividend of $1.10 per share, to be paid on September 30th, with an annualized yield of 1.6% and a payout ratio of 19.46%.

Park Avenue Securities LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 19.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,949 shares of the insurance provider's stock after buying an additional 2,450 shares during the period. Park Avenue Securities LLC's holdings in Travelers Companies were worth $4,000,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of TRV. Cornerstone Planning Group LLC grew its position in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after buying an additional 84 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of Travelers Companies in the 4th quarter valued at $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies in the 4th quarter valued at $26,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Travelers Companies in the 1st quarter valued at $26,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at $32,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Down 0.2%

Shares of NYSE TRV opened at $276.50 on Tuesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The firm has a 50-day moving average price of $268.52 and a 200 day moving average price of $264.30. The stock has a market capitalization of $62.25 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53.

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, topping analysts' consensus estimates of $3.52 by $2.99. The company 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 firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.51 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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 dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies's payout ratio is presently 19.46%.

Wall Street Analyst Weigh In

A number of research firms recently commented on TRV. Wall Street Zen downgraded shares of Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. 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 price objective on the stock. UBS Group raised their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and an average price target of $284.56.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies 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 transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies 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. Insiders own 1.46% of the company's stock.

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.

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