MBB Public Markets I LLC Buys Shares of 16,553 The Travelers Companies, Inc. (NYSE:TRV)

MBB Public Markets I LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,553 shares of the insurance provider’s stock, valued at approximately $3,366,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Drive Wealth Management LLC lifted its stake in Travelers Companies by 2.8% in the 2nd quarter. Drive Wealth Management LLC now owns 1,771 shares of the insurance provider’s stock worth $360,000 after acquiring an additional 48 shares in the last quarter. Wealth Quarterback LLC lifted its position in shares of Travelers Companies by 1.1% in the fourth quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock worth $825,000 after purchasing an additional 49 shares in the last quarter. Kapitalo Investimentos Ltda boosted its holdings in shares of Travelers Companies by 24.1% during the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after purchasing an additional 49 shares during the period. Massmutual Trust Co. FSB ADV grew its position in Travelers Companies by 9.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 50 shares in the last quarter. Finally, Norwood Financial Corp grew its position in Travelers Companies by 16.1% during the first quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock valued at $83,000 after purchasing an additional 50 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $236.11 on Friday. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $243.48. The firm has a fifty day simple moving average of $222.96 and a 200-day simple moving average of $218.07. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $53.82 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.24 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.78%. Travelers Companies’s payout ratio is 31.20%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TRV shares. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and decreased their target price for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft increased their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday. Citigroup raised their price target on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $225.00 price target on shares of Travelers Companies in a research note on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $227.05.

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.