Groupe la Francaise Increases Stock Holdings in The Travelers Companies, Inc. $TRV

Groupe la Francaise increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 18.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,427 shares of the insurance provider’s stock after purchasing an additional 4,711 shares during the quarter. Groupe la Francaise’s holdings in Travelers Companies were worth $8,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TRV. Greykasell Wealth Strategies Inc. bought a new position in Travelers Companies in the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co increased its position in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the last quarter. Quaker Wealth Management LLC grew its holdings in Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 208 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of Travelers Companies in the first quarter worth approximately $32,000. Finally, Nova Wealth Management Inc. purchased a new stake in Travelers Companies in the second quarter worth $32,000. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $287.50, for a total transaction of $575,000.00. Following the sale, the insider directly owned 255,086 shares in the company, valued at approximately $73,337,225. The trade was a 0.78% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 46,295 shares of company stock valued at $13,011,918. 1.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Citigroup began coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price for the company. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, Morgan Stanley increased their price target on shares of Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $292.73.

Travelers Companies Trading Down 0.7%

Shares of TRV stock opened at $288.56 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $64.37 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $296.85. The stock has a 50 day simple moving average of $278.72 and a 200-day simple moving average of $271.57.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the previous year, the company earned $5.24 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is presently 17.30%.

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.