Childress Capital Advisors LLC Has $306,000 Holdings in The Travelers Companies, Inc. $TRV

Childress Capital Advisors LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 23.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,143 shares of the insurance provider’s stock after acquiring an additional 217 shares during the quarter. Childress Capital Advisors LLC’s holdings in Travelers Companies were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. PFG Investments LLC increased its holdings in shares of Travelers Companies by 6.1% in the second quarter. PFG Investments LLC now owns 3,704 shares of the insurance provider’s stock valued at $991,000 after purchasing an additional 213 shares in the last quarter. Park Place Capital Corp increased its stake in shares of Travelers Companies by 33.1% in the 2nd quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock valued at $44,000 after buying an additional 41 shares during the period. Capital Investment Advisors LLC increased its position in Travelers Companies by 2.2% in the second quarter. Capital Investment Advisors LLC now owns 2,447 shares of the insurance provider’s stock worth $655,000 after purchasing an additional 53 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH increased its position in Travelers Companies by 218.5% in the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 4,440 shares of the insurance provider’s stock worth $1,188,000 after purchasing an additional 3,046 shares during the period. Finally, GC Wealth Management RIA LLC acquired a new stake in Travelers Companies in the second quarter worth about $486,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the subject of a number of research reports. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Wolfe Research began coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price for the company. Finally, Barclays cut Travelers Companies from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $284.56.

Travelers Companies Stock Down 0.6%

Shares of NYSE TRV opened at $277.46 on Thursday. The Travelers Companies, Inc. has a 52-week low of $224.62 and a 52-week high of $280.70. The stock has a market cap of $62.46 billion, a P/E ratio of 12.27, a P/E/G ratio of 3.21 and a beta of 0.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a 50 day moving average price of $270.77 and a 200 day moving average price of $265.18.

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

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies’s payout ratio is presently 19.46%.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares of the company’s stock, valued at $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

About Travelers Companies

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.