Trillium Asset Management LLC Invests $31.35 Million in The Travelers Companies, Inc. $TRV

Trillium Asset Management LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 94,972 shares of the insurance provider's stock, valued at approximately $31,352,000. Travelers Companies makes up approximately 1.0% of Trillium Asset Management LLC's holdings, making the stock its 24th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. Berman McAleer LLC boosted its position in Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider's stock worth $295,000 after acquiring an additional 30 shares during the period. Willner & Heller LLC grew its stake in shares of Travelers Companies by 2.7% in the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider's stock worth $398,000 after purchasing an additional 32 shares in the last quarter. Spinnaker Trust increased its holdings in shares of Travelers Companies by 1.7% during the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider's stock valued at $565,000 after purchasing an additional 33 shares during the period. Cim LLC increased its holdings in shares of Travelers Companies by 0.4% during the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider's stock valued at $2,363,000 after purchasing an additional 34 shares during the period. Finally, Avalon Trust Co raised its stake in shares of Travelers Companies by 0.4% during the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider's stock valued at $2,562,000 after purchasing an additional 35 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.7%

Travelers Companies stock opened at $364.79 on Friday. The firm has a market cap of $76.09 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The firm's 50 day moving average price is $351.09 and its two-hundred day moving average price is $317.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.51 EPS. On average, research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS 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. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio is currently 13.39%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TRV. Zacks Research upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Roth Capital raised their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. The Goldman Sachs Group downgraded shares of Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price target on the stock. in a research report on Monday, July 20th. Barclays upped their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. upgraded shares of Travelers Companies from an "underweight" rating to a "neutral" rating and raised their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Travelers Companies currently has an average rating of "Hold" and a consensus price target of $354.26.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the business's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the sale, the executive vice president directly owned 5,298 shares of the company's stock, valued at $2,048,789.58. This represents a 44.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 over the last 90 days. 1.39% of the stock is owned by insiders.

Travelers Companies Company 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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