The Travelers Companies, Inc. $TRV Shares Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC increased its stake in Travelers Companies by 3.4% in Q1, acquiring an additional 7,146 shares, bringing their total ownership to 215,065 shares valued at approximately $56.87 million.
• Wall Street analysts have mixed ratings on Travelers Companies, with price targets ranging from $269 to $316, reflecting an average target price of $284.56 and a consensus rating of "Hold."
• Travelers Companies will pay a quarterly dividend of $1.10 on September 30, representing an annualized yield of 1.6% and a dividend payout ratio of 19.46%.

Great Lakes Advisors LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 215,065 shares of the insurance provider's stock after acquiring an additional 7,146 shares during the quarter. Great Lakes Advisors LLC owned about 0.09% of Travelers Companies worth $56,870,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bearing Point Capital LLC increased its stake in Travelers Companies by 2.0% during the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock worth $522,000 after acquiring an additional 38 shares during the last quarter. Forum Financial Management LP increased its stake in Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after acquiring an additional 39 shares during the last quarter. Y.D. More Investments Ltd boosted its position in shares of Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock worth $84,000 after buying an additional 39 shares during the period. Smith Salley Wealth Management boosted its position in shares of Travelers Companies by 0.6% during the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after buying an additional 44 shares during the period. Finally, Northern Financial Advisors Inc boosted its position in shares of Travelers Companies by 0.7% during the first quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock worth $1,739,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. UBS Group raised their price target on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target for the company. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Finally, Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $284.56.

Travelers Companies Trading Down 1.5%

NYSE:TRV opened at $275.37 on Monday. The firm has a market cap of $61.99 billion, a PE ratio of 12.18, a price-to-earnings-growth ratio of 3.16 and a beta of 0.53. The stock has a fifty day moving average price of $264.94 and a 200 day moving average price of $262.60. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $280.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.Travelers Companies's revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $2.51 earnings per share. Sell-side 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 will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $1.10 dividend. 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 dividend payout ratio (DPR) is 19.46%.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated 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 sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company 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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