The Travelers Companies, Inc. $TRV Shares Acquired by Ascent Group LLC

Ascent Group LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 6.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,959 shares of the insurance provider’s stock after acquiring an additional 410 shares during the quarter. Ascent Group LLC’s holdings in Travelers Companies were worth $1,862,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PFG Advisors boosted its holdings in Travelers Companies by 108.8% in the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after acquiring an additional 2,217 shares in the last quarter. Greatmark Investment Partners Inc. boosted its holdings in Travelers Companies by 3.0% in the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after acquiring an additional 1,772 shares in the last quarter. Portside Wealth Group LLC acquired a new stake in shares of Travelers Companies during the first quarter worth about $208,000. Atlas Capital Advisors Inc. lifted its holdings in shares of Travelers Companies by 890.9% during the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after purchasing an additional 4,098 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of Travelers Companies by 47.3% during the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock worth $1,403,000 after purchasing an additional 1,703 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on TRV shares. Wells Fargo & Company lifted their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Wall Street Zen downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Barclays downgraded 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, UBS Group lifted their target price on Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $284.56.

Travelers Companies Stock Up 1.7%

Shares of TRV stock opened at $284.93 on Friday. The stock has a market cap of $64.15 billion, a P/E ratio of 12.60, a P/E/G ratio of 3.27 and a beta of 0.51. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $286.17. The stock has a 50 day moving average of $271.60 and a 200 day moving average of $265.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same period in the previous year, the business earned $2.51 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. Travelers Companies’s payout ratio is 19.46%.

Travelers Companies 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.