The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,878 shares of the insurance provider’s stock after acquiring an additional 137 shares during the quarter. Blair William & Co. IL’s holdings in Travelers Companies were worth $6,889,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the 2nd quarter worth about $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies during the first quarter worth about $35,000. Beacon Capital Management LLC raised its position in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Opal Wealth Advisors LLC acquired a new position in Travelers Companies in the first quarter valued at approximately $42,000. Finally, Tributary Capital Management LLC purchased a new stake in Travelers Companies in the 1st quarter worth approximately $45,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TRV. JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Citigroup upped their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday. TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and cut their price target for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Finally, William Blair reiterated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $227.05.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $238.53 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 market capitalization of $54.37 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The business has a 50 day simple moving average of $221.42 and a 200-day simple moving average of $217.57.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a $1.05 dividend. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.76%. Travelers Companies’s dividend payout ratio (DPR) is 31.20%.

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.