USA Financial Formulas Takes $868,000 Position in The Travelers Companies, Inc. $TRV

Key Points

• USA Financial Formulas has taken an $868,000 position in The Travelers Companies, acquiring 3,243 shares in the second quarter.
• The Travelers Companies reported an impressive earnings EPS of $6.51, significantly above the consensus estimate of $3.52, driven by revenue of $11.54 billion.
• The firm announced a quarterly dividend of $1.10 per share, translating to a 1.6% yield and a payout ratio of 19.46%.

USA Financial Formulas purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 3,243 shares of the insurance provider's stock, valued at approximately $868,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRV. Nuveen LLC acquired a new stake in shares of Travelers Companies during the 1st quarter valued at approximately $294,755,000. Bahl & Gaynor Inc. increased its stake in shares of Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider's stock worth $444,101,000 after purchasing an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Travelers Companies by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider's stock worth $511,631,000 after purchasing an additional 390,104 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Travelers Companies by 24.0% during the 1st quarter. AQR Capital Management LLC now owns 1,431,736 shares of the insurance provider's stock worth $377,921,000 after purchasing an additional 276,850 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of Travelers Companies by 540.7% during the 1st quarter. Alyeska Investment Group L.P. now owns 320,345 shares of the insurance provider's stock worth $84,718,000 after purchasing an additional 270,345 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Down 0.6%

TRV stock opened at $277.46 on Thursday. The stock has a market capitalization of $62.46 billion, a P/E ratio of 12.27, a PEG ratio of 3.21 and a beta of 0.51. 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 Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $280.70. The company has a 50 day moving average price of $270.77 and a two-hundred day moving average price of $265.18.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. The firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. Travelers Companies's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.51 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's payout ratio is currently 19.46%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the sale, the executive vice president directly owned 18,416 shares of the company's stock, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TRV. Wolfe Research began coverage on Travelers Companies in a research report on Monday, September 15th. They set a "peer perform" rating for the company. Citigroup began coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price objective for the company. UBS Group lifted their price objective on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $284.56.

About Travelers Companies

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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