The Travelers Companies, Inc. $TRV Shares Bought by Valeo Financial Advisors LLC

Key Points

• Valeo Financial Advisors LLC dramatically increased its stake in Travelers Companies by nearly 71,265.9% during the second quarter, acquiring over 3.6 million shares.
• Travelers Companies reported $6.51 EPS for the last quarter, significantly exceeding expectations and demonstrating a 7.4% year-over-year revenue growth.
• The company declared a quarterly dividend of $1.10, representing a yield of 1.5% and a payout ratio of 19.46%.

Valeo Financial Advisors LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 71,265.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,616,826 shares of the insurance provider's stock after acquiring an additional 3,611,758 shares during the quarter. Travelers Companies makes up 3.0% of Valeo Financial Advisors LLC's portfolio, making the stock its 8th biggest holding. Valeo Financial Advisors LLC owned 1.61% of Travelers Companies worth $967,646,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. PFG Advisors lifted its holdings in shares of Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock valued at $1,125,000 after buying an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. raised its holdings in shares of Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock valued at $16,120,000 after purchasing an additional 1,772 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in shares of Travelers Companies in the 1st quarter valued at $208,000. Atlas Capital Advisors Inc. boosted its holdings in Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock worth $1,205,000 after purchasing an additional 4,098 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its position in Travelers Companies by 47.3% during the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock worth $1,403,000 after buying an additional 1,703 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Trading Up 1.7%

Shares of TRV stock opened at $284.93 on Monday. The firm has a market capitalization of $64.15 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 3.27 and a beta of 0.51. The Travelers Companies, Inc. has a 1 year low of $224.62 and a 1 year high of $286.17. The firm's fifty day simple moving average is $271.60 and its 200 day simple moving average is $265.52. 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 posted its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $2.51 EPS. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.5%. Travelers Companies's dividend payout ratio is 19.46%.

Insider Buying and Selling

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies 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 sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of analyst reports. Citigroup assumed coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price target for the company. UBS Group boosted their target price on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $280.00 to $274.00 in a report on Monday, July 7th. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a "peer perform" rating for the company. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of Travelers Companies in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $284.56.

Travelers Companies 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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