Tower Bridge Advisors Boosts Stock Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Tower Bridge Advisors raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) by 3.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,213 shares of the insurance provider’s stock after buying an additional 360 shares during the period. Tower Bridge Advisors’ holdings in Travelers Companies were worth $2,965,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TRV. Bank of America Corp DE boosted its holdings in shares of Travelers Companies by 236.9% during the fourth quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after purchasing an additional 2,466,098 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock worth $582,733,000 after purchasing an additional 2,196,426 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of Travelers Companies by 153.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock worth $360,694,000 after purchasing an additional 907,266 shares during the period. Northern Trust Corp boosted its holdings in shares of Travelers Companies by 12.3% during the fourth quarter. Northern Trust Corp now owns 3,329,232 shares of the insurance provider’s stock worth $801,979,000 after purchasing an additional 364,379 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Travelers Companies by 12.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,712,620 shares of the insurance provider’s stock worth $653,443,000 after purchasing an additional 291,506 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 1.9%

Shares of Travelers Companies stock opened at $259.78 on Wednesday. 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 $206.43 and a 12-month high of $277.83. The firm has a market capitalization of $58.48 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 3.02 and a beta of 0.51. The firm’s 50 day simple moving average is $264.78 and its two-hundred day simple moving average is $257.38.

Travelers Companies (NYSE:TRVGet Free Report) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the prior year, the business posted $2.51 EPS. Travelers Companies’s revenue for the quarter was up 7.4% compared to the same quarter last year. Analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 19.46%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an “underweight” rating in a report on Tuesday, April 8th. Evercore ISI increased their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an “outperform” rating in a research note on Thursday, April 17th. Wall Street Zen raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Friday, July 18th. Jefferies Financial Group increased their price target on shares of Travelers Companies from $265.00 to $270.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Finally, Morgan Stanley set a $269.00 price target on shares of Travelers Companies and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $275.56.

Get Our Latest Stock Analysis on Travelers Companies

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.50, for a total transaction of $549,000.00. Following the sale, the insider directly owned 255,086 shares of the company’s stock, valued at approximately $70,021,107. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the sale, the insider directly owned 48,387 shares in the company, valued at $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,374 shares of company stock worth $47,929,912. Company insiders own 1.46% of the company’s stock.

Travelers Companies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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