Strong Tower Advisory Services Acquires New Stake in The Travelers Companies, Inc. $TRV

Strong Tower Advisory Services acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 993 shares of the insurance provider’s stock, valued at approximately $266,000.

A number of other large investors also recently bought and sold shares of TRV. Brighton Jones LLC boosted its holdings in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new position in Travelers Companies during the 4th quarter valued at $276,000. Farther Finance Advisors LLC boosted its holdings in Travelers Companies by 40.3% during the 1st quarter. Farther Finance Advisors LLC now owns 3,653 shares of the insurance provider’s stock valued at $966,000 after acquiring an additional 1,049 shares during the period. GAMMA Investing LLC boosted its holdings in Travelers Companies by 18.1% during the 1st quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider’s stock valued at $2,203,000 after acquiring an additional 1,277 shares during the period. Finally, Simon Quick Advisors LLC lifted its holdings in shares of Travelers Companies by 65.7% in the 1st quarter. Simon Quick Advisors LLC now owns 2,570 shares of the insurance provider’s stock worth $680,000 after buying an additional 1,019 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.6%

Shares of NYSE:TRV opened at $269.92 on Friday. The business’s 50-day moving average is $273.66 and its 200 day moving average is $266.13. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The firm has a market capitalization of $60.77 billion, a P/E ratio of 11.94, a P/E/G ratio of 3.13 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the company posted $2.51 EPS. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies’s dividend payout ratio is currently 19.46%.

Analysts Set New Price Targets

Several brokerages have weighed in on TRV. JPMorgan Chase & Co. upped their target price on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday. Morgan Stanley upped their target price on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday. Wall Street Zen raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $290.11.

Insider Activity

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares in the company, 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. Corporate insiders own 1.46% of the company’s stock.

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.