Stegent Equity Advisors Inc. Increases Stock Position in The Travelers Companies, Inc. $TRV

Stegent Equity Advisors Inc. raised its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 10.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,112 shares of the insurance provider’s stock after purchasing an additional 208 shares during the period. Stegent Equity Advisors Inc.’s holdings in Travelers Companies were worth $565,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. AG2R LA Mondiale Gestion D Actifs lifted its holdings in shares of Travelers Companies by 2.1% in the second quarter. AG2R LA Mondiale Gestion D Actifs now owns 8,766 shares of the insurance provider’s stock valued at $2,345,000 after purchasing an additional 181 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its holdings in shares of Travelers Companies by 9.2% in the second quarter. Focus Partners Advisor Solutions LLC now owns 9,653 shares of the insurance provider’s stock valued at $2,581,000 after purchasing an additional 815 shares in the last quarter. Sage Mountain Advisors LLC purchased a new position in Travelers Companies in the 2nd quarter valued at about $283,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Travelers Companies by 0.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 903,674 shares of the insurance provider’s stock valued at $241,769,000 after purchasing an additional 6,737 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its holdings in Travelers Companies by 0.3% in the 2nd quarter. Asset Management One Co. Ltd. now owns 192,563 shares of the insurance provider’s stock valued at $51,518,000 after purchasing an additional 609 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TRV shares. JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, October 20th. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Citigroup started coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $291.31.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.46% of the company’s stock.

Travelers Companies Trading Up 0.3%

NYSE TRV opened at $269.98 on Friday. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $287.95. The company has a 50-day moving average of $274.13 and a 200-day moving average of $267.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $60.22 billion, a P/E ratio of 10.62, a P/E/G ratio of 2.44 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS 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 company had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the prior year, the company posted $5.24 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 1.6%. Travelers Companies’s dividend payout ratio is currently 17.30%.

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.