International Assets Investment Management LLC Increases Stock Holdings in The Travelers Companies, Inc. $TRV

International Assets Investment Management LLC grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,124 shares of the insurance provider’s stock after buying an additional 46 shares during the quarter. International Assets Investment Management LLC’s holdings in Travelers Companies were worth $568,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Koshinski Asset Management Inc. increased its position in shares of Travelers Companies by 1.3% in the second quarter. Koshinski Asset Management Inc. now owns 28,451 shares of the insurance provider’s stock valued at $7,612,000 after buying an additional 363 shares in the last quarter. Citizens Business Bank increased its position in shares of Travelers Companies by 0.6% in the second quarter. Citizens Business Bank now owns 22,131 shares of the insurance provider’s stock valued at $5,921,000 after buying an additional 128 shares in the last quarter. Carmel Capital Partners LLC purchased a new position in shares of Travelers Companies in the second quarter valued at $1,924,000. Chevy Chase Trust Holdings LLC increased its position in shares of Travelers Companies by 0.6% in the second quarter. Chevy Chase Trust Holdings LLC now owns 120,189 shares of the insurance provider’s stock valued at $32,155,000 after buying an additional 733 shares in the last quarter. Finally, AssuredPartners Investment Advisors LLC purchased a new position in shares of Travelers Companies in the second quarter valued at $2,165,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on TRV shares. UBS Group raised their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a research report on Friday. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, 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, October 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $291.31.

Insider Buying and Selling

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 value of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.46% of the stock is owned by company insiders.

Travelers Companies Stock Up 1.6%

TRV opened at $269.43 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 stock has a market capitalization of $60.10 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 2.50 and a beta of 0.51. The business has a 50-day moving average of $274.06 and a two-hundred day moving average of $266.51. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $287.95.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating the consensus estimate of $6.01 by $2.13. The company had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.24 EPS. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s payout ratio is 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.