Rydar Equities Inc. Invests $1.29 Million in The Travelers Companies, Inc. $TRV

Rydar Equities Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,835 shares of the insurance provider’s stock, valued at approximately $1,294,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Travelers Companies by 1.4% during the second quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock valued at $5,898,456,000 after buying an additional 313,449 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock worth $2,040,475,000 after acquiring an additional 751,715 shares during the last quarter. Geode Capital Management LLC grew its stake in Travelers Companies by 1.0% during the second quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock valued at $1,481,805,000 after acquiring an additional 54,363 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after acquiring an additional 3,611,758 shares during the last quarter. Finally, Norges Bank purchased a new stake in Travelers Companies in the 2nd quarter worth $815,013,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Travelers Companies news, Vice Chairman William H. Heyman sold 1,803 shares of the firm’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $289.55, for a total value of $522,058.65. Following the completion of the sale, the insider owned 255,086 shares of the company’s stock, valued at $73,860,151.30. This trade represents a 0.70% 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 hyperlink. Also, EVP Maria Olivo sold 8,920 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total value of $2,637,911.60. Following the transaction, the executive vice president directly owned 117,596 shares in the company, valued at approximately $34,776,665.08. This represents a 7.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 46,295 shares of company stock valued at $13,011,918. Company insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TRV. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research note on Friday, October 17th. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $292.73.

Travelers Companies Stock Performance

NYSE TRV opened at $285.05 on Monday. The business’s 50 day moving average price is $279.24 and its 200-day moving average price is $272.06. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $296.85. The company has a market cap of $63.58 billion, a P/E ratio of 11.21, a P/E/G ratio of 2.80 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period in the previous year, the firm earned $5.24 earnings per share. Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be paid 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 dividend yield of 1.5%. Travelers Companies’s payout ratio is currently 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.