The Travelers Companies, Inc. $TRV Shares Bought by Tudor Financial Inc.

Tudor Financial Inc. grew its position in The Travelers Companies, Inc. (NYSE:TRV) by 60.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,200 shares of the insurance provider’s stock after purchasing an additional 1,575 shares during the period. Tudor Financial Inc.’s holdings in Travelers Companies were worth $1,387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Syon Capital LLC raised its position in Travelers Companies by 14.9% during the 2nd quarter. Syon Capital LLC now owns 5,035 shares of the insurance provider’s stock worth $1,662,000 after buying an additional 653 shares during the last quarter. Premier Path Wealth Partners LLC boosted its holdings in shares of Travelers Companies by 3.1% in the 2nd quarter. Premier Path Wealth Partners LLC now owns 3,132 shares of the insurance provider’s stock valued at $1,034,000 after acquiring an additional 93 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of Travelers Companies by 6.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 7,889 shares of the insurance provider’s stock valued at $2,604,000 after acquiring an additional 453 shares during the last quarter. NEOS Investment Management LLC increased its stake in shares of Travelers Companies by 11.3% in the second quarter. NEOS Investment Management LLC now owns 34,718 shares of the insurance provider’s stock worth $11,461,000 after acquiring an additional 3,535 shares during the period. Finally, Greenspring Advisors LLC purchased a new position in shares of Travelers Companies during the second quarter worth $218,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Roth Capital lifted their price objective on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. UBS Group boosted their price objective on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Finally, Morgan Stanley lifted their price target on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five 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 an average target price of $354.26.

Insider Buying and Selling

In other Travelers Companies news, EVP Daniel Yin sold 7,153 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,667 shares of company stock worth $21,830,989 in the last 90 days. 1.39% of the stock is owned by insiders.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $374.71 on Friday. The firm has a market cap of $78.15 billion, a PE ratio of 10.04, a P/E/G ratio of 2.46 and a beta of 0.44. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. 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 business has a 50-day moving average price of $362.62 and a 200 day moving average price of $322.95.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for 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%.Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.51 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Travelers Companies Company 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.