Ibex Wealth Advisors Takes $762,000 Position in The Travelers Companies, Inc. $TRV

Ibex Wealth Advisors bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,849 shares of the insurance provider’s stock, valued at approximately $762,000.

Other hedge funds have also added to or reduced their stakes in the company. Valeo Financial Advisors LLC increased its holdings in shares of Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares during the period. Nuveen LLC purchased a new stake in Travelers Companies during the 1st quarter valued at about $294,755,000. Bahl & Gaynor Inc. grew its position in Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after acquiring an additional 490,039 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Travelers Companies by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after acquiring an additional 390,104 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Travelers Companies by 86.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after purchasing an additional 342,666 shares during the period. 82.45% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. This trade represents a 48.14% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 50,392 shares of company stock valued at $13,945,170. Corporate insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TRV. The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. Citigroup initiated coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target for the company. Wolfe Research initiated coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $291.31.

Travelers Companies Stock Up 0.9%

Shares of NYSE TRV opened at $282.21 on Tuesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $287.95. The firm has a market capitalization of $62.95 billion, a PE ratio of 11.10, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The firm has a fifty day simple moving average of $274.44 and a two-hundred day simple moving average of $269.01.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same quarter in the previous year, the firm posted $5.24 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is 17.30%.

Travelers Companies Company 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.