Ieq Capital LLC Grows Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Ieq Capital LLC increased its stake in The Travelers Companies by 55.4% during the first quarter, owning 35,097 shares valued at approximately $9.28 million.
• The Travelers Companies reported earnings per share (EPS) of $6.51 for the last quarter, significantly surpassing the consensus estimate of $3.52.
• Travelers Companies announced a quarterly dividend of $1.10 per share, which will be paid on September 30th, representing an annual yield of 1.6%.

Ieq Capital LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 55.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,097 shares of the insurance provider's stock after acquiring an additional 12,515 shares during the period. Ieq Capital LLC's holdings in Travelers Companies were worth $9,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE lifted its position in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider's stock worth $844,854,000 after acquiring an additional 2,466,098 shares in the last quarter. GAMMA Investing LLC boosted its position in Travelers Companies by 31,132.9% during the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider's stock valued at $582,733,000 after acquiring an additional 2,196,426 shares in the last quarter. Nuveen LLC purchased a new position in shares of Travelers Companies during the first quarter valued at approximately $294,755,000. Balyasny Asset Management L.P. raised its holdings in Travelers Companies by 153.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider's stock worth $360,694,000 after acquiring an additional 907,266 shares during the last quarter. Finally, Bahl & Gaynor Inc. raised its stake in Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock valued at $444,101,000 after buying an additional 490,039 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wells Fargo & Company upped their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Cantor Fitzgerald upgraded Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. Citigroup began coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price for the company. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Finally, UBS Group upped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $284.56.

Insider Transactions at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction dated 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 directly owned 18,416 shares of the company's stock, 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 owned by insiders.

Travelers Companies Stock Down 0.2%

TRV traded down $0.60 during trading on Tuesday, hitting $270.91. The stock had a trading volume of 372,809 shares, compared to its average volume of 1,321,749. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $279.04. The stock has a 50 day simple moving average of $263.93 and a two-hundred day simple moving average of $261.59. 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 company has a market capitalization of $60.99 billion, a PE ratio of 12.00, a PEG ratio of 3.12 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its 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. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter last year, the company posted $2.51 earnings per share. The firm's revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend 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%.

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.