Worth Asset Management LLC Makes New $262,000 Investment in The Travelers Companies, Inc. $TRV

Key Points

• Worth Asset Management LLC has made a new investment of approximately $262,000 in The Travelers Companies, acquiring 980 shares according to its recent SEC filing.
• Several hedge funds have significantly increased their stakes in Travelers Companies, with Cornerstone Planning Group LLC boosting its investment by 700% in the first quarter.
• The Travelers Companies recently reported strong earnings, with an EPS of $6.51 for the last quarter, exceeding analysts' expectations, and also announced a quarterly dividend of $1.10 per share.

Worth Asset Management LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 980 shares of the insurance provider's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cornerstone Planning Group LLC boosted its stake in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after acquiring an additional 84 shares in the last quarter. Putney Financial Group LLC purchased a new position in shares of Travelers Companies during the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $26,000. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies in the 1st quarter worth approximately $26,000. Finally, Flaharty Asset Management LLC bought a new position in Travelers Companies during the 1st quarter valued at approximately $32,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business's stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 sale, the executive vice president directly 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 position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

Shares of TRV stock opened at $278.28 on Friday. 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 50 day moving average price of $267.64 and a 200-day moving average price of $263.92. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The firm has a market capitalization of $62.65 billion, a PE ratio of 12.31, a P/E/G ratio of 3.16 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (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 for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter last year, the company posted $2.51 earnings per share. The firm's quarterly revenue was up 7.4% on a year-over-year basis. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's payout ratio is presently 19.46%.

Wall Street Analysts Forecast Growth

Several research firms have commented on TRV. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group upped their price target on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Wolfe Research initiated coverage on shares of Travelers Companies in a research note on Monday. They set a "peer perform" rating for the company. Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Finally, Wells Fargo & Company increased their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Travelers Companies has a consensus rating of "Hold" and a consensus target price of $284.56.

Travelers Companies Company Profile

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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