MBB Public Markets I LLC Purchases Shares of 1,212 The Travelers Companies, Inc. $TRV

MBB Public Markets I LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,212 shares of the insurance provider’s stock, valued at approximately $321,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TRV. Cornerstone Planning Group LLC boosted its stake in Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares in the last quarter. Putney Financial Group LLC acquired a new position in Travelers Companies in the fourth quarter valued at about $26,000. Ameriflex Group Inc. acquired a new position in Travelers Companies in the fourth quarter valued at about $26,000. Greykasell Wealth Strategies Inc. acquired a new position in Travelers Companies in the first quarter valued at about $26,000. Finally, Wood Tarver Financial Group LLC acquired a new position in Travelers Companies in the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Citigroup initiated coverage on Travelers Companies in a report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective for the company. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Morgan Stanley set a $269.00 price objective on Travelers Companies and gave the stock an “equal weight” rating in a report on Monday, May 19th. Finally, Wells Fargo & Company increased their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $284.56.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $274.73 on Tuesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. The stock has a 50 day moving average of $265.09 and a 200-day moving average of $262.84. The company has a market capitalization of $61.85 billion, a P/E ratio of 12.15, a P/E/G ratio of 3.16 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the previous year, the company posted $2.51 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.46%.

Insider Activity at Travelers Companies

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

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.