United Services Automobile Association Makes New $1.30 Million Investment in The Travelers Companies, Inc. $TRV

Key Points

• United Services Automobile Association has acquired 4,970 shares of The Travelers Companies, Inc. for approximately $1.3 million in its first quarter.
• The Travelers Companies reported an EPS of $6.51 for the last quarter, exceeding analysts' expectations by $2.99.
• The company announced a quarterly dividend of $1.10, indicating a 1.6% dividend yield and a payout ratio of 19.46%.

United Services Automobile Association purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,970 shares of the insurance provider's stock, valued at approximately $1,301,000.

Several other large investors have also recently bought and sold shares of TRV. Bearing Point Capital LLC lifted its stake in shares of Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider's stock valued at $522,000 after purchasing an additional 38 shares during the period. Forum Financial Management LP lifted its stake in shares of Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after purchasing an additional 39 shares during the period. Y.D. More Investments Ltd lifted its stake in shares of Travelers Companies by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider's stock valued at $84,000 after purchasing an additional 39 shares during the period. Smith Salley Wealth Management lifted its stake in shares of Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock valued at $1,936,000 after purchasing an additional 44 shares during the period. Finally, Northern Financial Advisors Inc increased its position in Travelers Companies by 0.7% in the 1st quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider's stock valued at $1,739,000 after buying an additional 45 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction that occurred 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 filing with the SEC, which is available at this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was 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 insiders.

Travelers Companies Stock Performance

TRV stock traded down $0.61 during midday trading on Friday, hitting $278.83. The company's stock had a trading volume of 852,100 shares, compared to its average volume of 1,107,784. The stock's 50-day moving average price is $266.13 and its 200 day moving average price is $263.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 1 year low of $224.62 and a 1 year high of $280.70. The stock has a market cap of $62.77 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 3.21 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the firm earned $2.51 earnings per share. The business's revenue was up 7.4% on a year-over-year basis. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be given a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies's payout ratio is currently 19.46%.

Wall Street Analyst Weigh In

A number of analysts recently commented on TRV shares. Wells Fargo & Company boosted their target price on Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Keefe, Bruyette & Woods boosted their target price on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Citigroup started coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price for the company. Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Finally, UBS Group boosted their target price on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research report on Monday, July 21st. One 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 assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $284.56.

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.