Ieq Capital LLC Takes Position in The Travelers Companies, Inc. $TRV

Ieq Capital LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 85,289 shares of the insurance provider’s stock, valued at approximately $28,156,000.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. Vanguard Group Inc. increased its holdings in Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after purchasing an additional 110,311 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Travelers Companies in the second quarter valued at $6,915,909,000. State Street Corp lifted its position in Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after acquiring an additional 486,861 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Travelers Companies by 2.3% during the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock worth $1,100,416,000 after buying an additional 85,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after buying an additional 123,564 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.2%

Shares of TRV opened at $363.83 on Friday. The firm has a market cap of $75.88 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The stock has a 50 day simple moving average of $352.28 and a two-hundred day simple moving average of $318.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.51 earnings per share. On average, analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,667 shares of company stock worth $22,688,329 in the last 90 days. Insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of a number of research analyst reports. Citigroup restated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Roth Capital upped their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Finally, BMO Capital Markets cut Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $354.26.

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.