Vanguard Personalized Indexing Management LLC Has $10.51 Million Position in The Travelers Companies, Inc. $TRV

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in The Travelers Companies by 21.6% in the second quarter, owning over $10.5 million worth of shares.
• Two executives at Travelers Companies recently sold a combined total of over $7.7 million worth of company stock, with one transaction representing a 38.45% decrease in an executive's shares.
• Travelers Companies reported strong earnings, with EPS of $6.51 for the last quarter, exceeding analysts’ expectations and achieving a 7.4% revenue increase year-over-year.

Vanguard Personalized Indexing Management LLC increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 21.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,242 shares of the insurance provider's stock after purchasing an additional 6,968 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Travelers Companies were worth $10,512,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in TRV. Brighton Jones LLC raised its position in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in Travelers Companies during the fourth quarter valued at approximately $276,000. GAMMA Investing LLC raised its position in Travelers Companies by 18.1% during the first quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider's stock valued at $2,203,000 after acquiring an additional 1,277 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new position in Travelers Companies during the first quarter valued at approximately $353,000. Finally, New England Research & Management Inc. bought a new position in Travelers Companies during the first quarter valued at approximately $208,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, 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 value of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 in the company, valued at $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.46% of the company's stock.

Travelers Companies Trading Down 1.6%

Shares of TRV stock opened at $269.92 on Monday. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The firm's fifty day simple moving average is $273.66 and its 200 day simple moving average is $266.18. The firm has a market capitalization of $60.77 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 3.08 and a beta of 0.51. 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 announced its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.52 by $2.99. The business 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%. Travelers Companies's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.51 earnings per share. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm 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. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies's payout ratio is 19.46%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TRV shares. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $275.00 to $291.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 8th. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Wall Street Zen raised shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Citigroup started coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and an average price target of $290.11.

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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.