Westpac Banking Corp Takes $1.56 Million Position in The Travelers Companies, Inc. $TRV

Westpac Banking Corp purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,712 shares of the insurance provider’s stock, valued at approximately $1,556,000.

Other large investors have also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC increased its stake in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies during the first quarter worth $26,000. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies in the 2nd quarter worth about $26,000. Kilter Group LLC bought a new position in shares of Travelers Companies in the 2nd quarter worth about $26,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $26,000. 82.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TRV shares. UBS Group boosted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Morgan Stanley raised their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. Raymond James Financial set a $430.00 price target on Travelers Companies in a research report on Monday, July 20th. Finally, Barclays raised their price target on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $354.26.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the sale, the executive vice president directly owned 9,213 shares in the company, valued at $3,393,884.94. This trade represents a 63.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. The trade was a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by company insiders.

Travelers Companies Trading Down 0.2%

Travelers Companies stock opened at $363.83 on Friday. 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 firm has a 50-day moving average price of $352.28 and a two-hundred day moving average price of $318.12. The firm has a market capitalization of $75.88 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the business earned $6.51 earnings per share. Travelers Companies’s revenue was up .3% compared to the same quarter last year. Sell-side analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 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.