The Travelers Companies, Inc. $TRV Shares Bought by GTS Securities LLC

Key Points

• GTS Securities increased its Travelers stake by 261.6% in the second quarter, ending the period with 12,328 shares valued at approximately $4.07 million. Institutional investors collectively own 82.45% of the company.
• Travelers reported quarterly earnings of $10.04 per share, exceeding estimates of $5.41, while revenue reached $12.15 billion versus expectations of $11.26 billion.
• The company declared a quarterly dividend of $1.25, or $5.00 annually, yielding about 1.4%. Despite some bullish analyst ratings, the overall consensus remains “Hold” with a $354.26 price target.

GTS Securities LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 261.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 12,328 shares of the insurance provider's stock after buying an additional 8,919 shares during the period. GTS Securities LLC's holdings in Travelers Companies were worth $4,070,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in TRV. BlackRock Inc. purchased a new stake in Travelers Companies during the 2nd quarter valued at approximately $6,915,909,000. Legal & General Group Plc acquired a new position in shares of Travelers Companies in the second quarter valued at approximately $799,601,000. Bank of America Corp DE acquired a new position in shares of Travelers Companies in the second quarter valued at approximately $932,142,000. Norges Bank purchased a new stake in shares of Travelers Companies during the fourth quarter worth approximately $723,339,000. Finally, GQG Partners LLC purchased a new stake in shares of Travelers Companies during the second quarter worth approximately $789,024,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $369.85 on Friday. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. 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 business has a fifty day moving average of $358.56 and a two-hundred day moving average of $320.77. The company has a market cap of $77.14 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analysts' expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business's revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $6.51 EPS. As a group, analysts predict that The Travelers Companies, Inc. will post 33.82 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 Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies's dividend payout ratio (DPR) is 13.39%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of analyst reports. Zacks Research upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 9th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the company an "in-line" rating in a report on Friday, July 10th. Roth Capital boosted their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Finally, Mizuho increased their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $354.26.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the business's stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the firm's 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 transaction, the chief financial officer owned 27,535 shares of the company's stock, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is currently owned by company insiders.

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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