Longfellow Investment Management Co. LLC Takes $1.40 Million Position in The Travelers Companies, Inc. $TRV

Longfellow Investment Management Co. LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 4,249 shares of the insurance provider’s stock, valued at approximately $1,403,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. HHM Wealth Advisors LLC raised its stake in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies in the first quarter valued at $26,000. LifeSteps Financial Inc. acquired a new stake in Travelers Companies during the 2nd quarter valued at $26,000. Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies during the 4th quarter valued at $26,000. Finally, Osterweis Capital Management Inc. increased its stake in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TRV has been the topic of a number of recent analyst reports. Roth Capital boosted their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research report on Tuesday, May 26th. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a report on Wednesday, August 5th. Evercore set a $329.00 price objective on Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. Finally, Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Trading Up 0.0%

NYSE:TRV opened at $370.49 on Monday. The company has a market cap of $77.27 billion, a PE ratio of 9.92, a P/E/G ratio of 3.52 and a beta of 0.45. The business’s 50 day moving average is $345.99 and its two-hundred day moving average is $315.49. 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 Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $6.51 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 13.39%.

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 62,667 shares of company stock worth $22,688,329. Company insiders own 1.39% of the company’s stock.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.