Vest Financial LLC Buys 43,098 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Vest Financial LLC increased its stake in The Travelers Companies, acquiring an additional 43,098 shares for a total holding of 158,637 shares, now valued at approximately $42.4 million.
• The company's recent earnings report showed an EPS of $6.51, significantly beating analysts’ expectations of $3.52, with revenues reaching $11.54 billion.
• Travelers Companies recently announced a quarterly dividend of $1.10 per share, which translates to an annualized yield of 1.6%.

Vest Financial LLC raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 37.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 158,637 shares of the insurance provider's stock after purchasing an additional 43,098 shares during the period. Vest Financial LLC owned 0.07% of Travelers Companies worth $42,442,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of TRV. Brighton Jones LLC raised its position in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC bought a new position in shares of Travelers Companies in the 4th quarter worth about $276,000. GAMMA Investing LLC raised its position in shares of Travelers Companies by 18.1% in the 1st quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider's stock worth $2,203,000 after acquiring an additional 1,277 shares in the last quarter. NorthCrest Asset Manangement LLC bought a new position in shares of Travelers Companies in the 1st quarter worth about $353,000. Finally, New England Research & Management Inc. bought a new position in shares of Travelers Companies in the 1st quarter worth about $208,000. 82.45% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated 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 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 position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wall Street Zen raised Travelers Companies from a "hold" rating to a "buy" rating in a research report on Saturday. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Morgan Stanley lifted their price objective on Travelers Companies from $269.00 to $285.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 7th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $289.00 to $297.00 and gave the stock an "underweight" rating in a research report on Thursday. Finally, Weiss Ratings reissued a "buy (b+)" rating on shares of Travelers Companies in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus target price of $290.11.

Travelers Companies Stock Performance

Shares of TRV opened at $269.92 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a 50-day moving average of $273.66 and a 200-day moving average of $266.18. The company has a market cap of $60.77 billion, a PE ratio of 11.94, a P/E/G ratio of 3.08 and a beta of 0.51. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. The business 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%.The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.51 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

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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