Woodline Partners LP Has $91.87 Million Stock Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Woodline Partners LP increased its stake in The Travelers Companies, Inc. by 38.0%, holding 347,389 shares after acquiring an additional 95,577 shares in the first quarter.
• Travelers Companies reported an EPS of $6.51 for the quarter, significantly exceeding the consensus estimate of $3.52, marking a 7.4% revenue increase compared to the previous year.
• The company announced a quarterly dividend of $1.10 per share, reflecting an annualized yield of 1.6%, to be paid on September 30th to investors of record by September 10th.

Woodline Partners LP lifted its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 38.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 347,389 shares of the insurance provider's stock after acquiring an additional 95,577 shares during the period. Travelers Companies comprises approximately 0.6% of Woodline Partners LP's holdings, making the stock its 20th largest position. Woodline Partners LP owned approximately 0.15% of Travelers Companies worth $91,870,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Empowered Funds LLC increased its position in shares of Travelers Companies by 42.6% in the first quarter. Empowered Funds LLC now owns 28,910 shares of the insurance provider's stock worth $7,646,000 after acquiring an additional 8,639 shares in the last quarter. MBB Public Markets I LLC purchased a new position in shares of Travelers Companies in the first quarter worth approximately $321,000. Ascent Group LLC increased its position in shares of Travelers Companies by 24.7% in the first quarter. Ascent Group LLC now owns 6,549 shares of the insurance provider's stock worth $1,732,000 after acquiring an additional 1,297 shares in the last quarter. United Services Automobile Association purchased a new position in shares of Travelers Companies in the first quarter worth approximately $1,301,000. Finally, Great Lakes Advisors LLC increased its position in shares of Travelers Companies by 3.4% in the first quarter. Great Lakes Advisors LLC now owns 215,065 shares of the insurance provider's stock worth $56,870,000 after acquiring an additional 7,146 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company'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 transaction, the executive vice president owned 18,416 shares of the company's stock, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup assumed coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price on the stock. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the company an "equal weight" rating in a research report on Monday, May 19th. Cantor Fitzgerald raised shares of Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $284.56.

Travelers Companies Stock Down 0.2%

TRV stock traded down $0.61 during trading hours 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 company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $62.77 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 3.21 and a beta of 0.53. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. The stock has a 50 day moving average price of $266.13 and a two-hundred day moving average price of $263.38.

Travelers Companies (NYSE:TRV - Get Free Report) last posted 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. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the previous year, the firm posted $2.51 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio is presently 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.