The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC raised its holdings in The Travelers Companies, Inc. (NYSE:TRV – Get Rating) by 6.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 78,864 shares of the insurance provider’s stock after acquiring an additional 4,955 shares during the period. Los Angeles Capital Management LLC’s holdings in Travelers Companies were worth $14,411,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in TRV. Graypoint LLC boosted its stake in Travelers Companies by 115.5% in the 1st quarter. Graypoint LLC now owns 2,974 shares of the insurance provider’s stock worth $543,000 after buying an additional 1,594 shares during the last quarter. Prospera Financial Services Inc lifted its holdings in shares of Travelers Companies by 12.6% during the 1st quarter. Prospera Financial Services Inc now owns 3,547 shares of the insurance provider’s stock worth $649,000 after acquiring an additional 398 shares during the period. Anchor Capital Advisors LLC acquired a new stake in shares of Travelers Companies in the first quarter worth approximately $219,000. Twin Capital Management Inc. purchased a new stake in Travelers Companies in the first quarter valued at approximately $827,000. Finally, OLD Point Trust & Financial Services N A acquired a new position in Travelers Companies during the fourth quarter worth approximately $221,000. Hedge funds and other institutional investors own 83.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TRV. Barclays decreased their price target on shares of Travelers Companies from $184.00 to $177.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Citigroup assumed coverage on Travelers Companies in a research note on Monday, May 23rd. They set a “neutral” rating and a $179.00 price target for the company. Royal Bank of Canada reduced their price objective on Travelers Companies from $183.00 to $165.00 in a research note on Friday, July 22nd. Raymond James upgraded shares of Travelers Companies from a “market perform” rating to a “strong-buy” rating and set a $185.00 price target on the stock in a report on Monday, July 25th. Finally, StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $175.00.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $172.78, for a total transaction of $1,727,800.00. Following the transaction, the executive vice president now owns 9,107 shares of the company’s stock, valued at $1,573,507.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Vice Chairman William H. Heyman sold 5,500 shares of the stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $176.68, for a total transaction of $971,740.00. Following the sale, the insider now owns 251,605 shares in the company, valued at $44,453,571.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $172.78, for a total transaction of $1,727,800.00. Following the sale, the executive vice president now owns 9,107 shares in the company, valued at approximately $1,573,507.46. The disclosure for this sale can be found here. Corporate insiders own 1.07% of the company’s stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $158.96 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The firm has a 50-day moving average of $165.17 and a two-hundred day moving average of $171.46. The stock has a market cap of $37.72 billion, a P/E ratio of 11.03, a PEG ratio of 2.89 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $145.40 and a 1-year high of $187.98.

Travelers Companies (NYSE:TRV – Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The insurance provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. Travelers Companies had a net margin of 9.97% and a return on equity of 13.64%. The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same period in the prior year, the company posted $3.45 EPS. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts expect that The Travelers Companies, Inc. will post 13.61 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be given a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $3.72 annualized dividend and a dividend yield of 2.34%. Travelers Companies’s payout ratio is 25.82%.

About Travelers Companies

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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.