Verdence Capital Advisors LLC Increases Stock Position in The Travelers Companies, Inc. $TRV

Key Points

• Verdence Capital Advisors LLC has increased its holdings in The Travelers Companies, Inc. by 5.6%, now owning 22,515 shares valued at $6,024,000.
• The Travelers Companies reported $6.51 earnings per share for the last quarter, exceeding estimates by $2.99, along with revenue of $11.54 billion, which was also above expectations.
• Several institutions, including Valeo Financial Advisors LLC and Goldman Sachs Group Inc., significantly increased their stakes in the company during the second quarter, contributing to 82.45% ownership by institutional investors.

Verdence Capital Advisors LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,515 shares of the insurance provider's stock after purchasing an additional 1,192 shares during the quarter. Verdence Capital Advisors LLC's holdings in Travelers Companies were worth $6,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC boosted its stake in shares of Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider's stock worth $967,646,000 after acquiring an additional 3,611,758 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Travelers Companies during the 1st quarter worth approximately $294,755,000. Bahl & Gaynor Inc. boosted 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 acquiring an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake 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 acquiring an additional 390,104 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Travelers Companies by 86.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider's stock worth $197,686,000 after acquiring an additional 342,666 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Travelers Companies Price Performance

TRV stock opened at $269.92 on Monday. The stock's 50 day moving average price is $273.66 and its 200 day moving average price is $266.18. 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 firm has a market cap of $60.77 billion, a P/E ratio of 11.94, a PEG ratio of 3.08 and a beta of 0.51. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.Travelers Companies's revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.51 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal 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. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies's payout ratio is 19.46%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays set a $313.00 price target on Travelers Companies in a research note on Wednesday. Keefe, Bruyette & Woods boosted their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Wells Fargo & Company boosted their price target on Travelers Companies from $275.00 to $291.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 8th. Morgan Stanley upped their target price on Travelers Companies from $269.00 to $285.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 7th. Finally, Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research note on Saturday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $290.11.

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 stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 value of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares of the company's stock, valued at $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.46% of the company's stock.

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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