Lyell Wealth Management LP Acquires Shares of 1,155 The Travelers Companies, Inc. $TRV

Lyell Wealth Management LP purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,155 shares of the insurance provider’s stock, valued at approximately $309,000.

A number of other large investors have also recently made changes to their positions in TRV. Valeo Financial Advisors LLC boosted 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 acquiring an additional 3,611,758 shares during the period. Nuveen LLC bought a new position in shares of Travelers Companies in the first quarter worth $294,755,000. Bahl & Gaynor Inc. boosted its holdings in shares of Travelers Companies by 41.2% in the first 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 period. Goldman Sachs Group Inc. boosted its holdings in shares of Travelers Companies by 25.3% in the first 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 period. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Travelers Companies by 86.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after acquiring an additional 342,666 shares during the period. 82.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TRV shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a report on Friday. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Wells Fargo & Company reissued a “positive” rating on shares of Travelers Companies in a research note on Friday. Finally, Barclays set a $313.00 price objective on Travelers Companies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $291.31.

Travelers Companies Trading Up 1.1%

Shares of TRV stock opened at $265.02 on Tuesday. The stock has a market capitalization of $59.12 billion, a PE ratio of 10.42, a P/E/G ratio of 2.51 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95. The business has a 50-day moving average of $273.95 and a 200 day moving average of $266.49. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. The company had revenue of $11.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the business posted $5.24 EPS. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. Travelers Companies’s dividend payout ratio is presently 17.30%.

Insider Buying and Selling

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.46% of the stock is owned by insiders.

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.