United Services Automobile Association Acquires Shares of 4,970 The Travelers Companies, Inc. $TRV

United Services Automobile Association bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the first quarter, Holdings Channel.com reports. The fund bought 4,970 shares of the insurance provider’s stock, valued at approximately $1,301,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TRV. Bearing Point Capital LLC grew its stake in Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock worth $522,000 after purchasing an additional 38 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock worth $1,171,000 after buying an additional 39 shares during the period. Y.D. More Investments Ltd grew its position in shares of Travelers Companies by 13.9% during the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock worth $84,000 after buying an additional 39 shares in the last quarter. Smith Salley Wealth Management grew its position in shares of Travelers Companies by 0.6% during the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider’s stock worth $1,936,000 after buying an additional 44 shares in the last quarter. Finally, Northern Financial Advisors Inc increased its stake in shares of Travelers Companies by 0.7% during the first quarter. Northern Financial Advisors Inc now owns 6,576 shares of the insurance provider’s stock valued at $1,739,000 after buying an additional 45 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on TRV. Barclays lowered shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. UBS Group lifted their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a report on Monday, July 21st. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an “equal weight” rating in a report on Monday, May 19th. Finally, Wells Fargo & Company increased their target price on Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $284.56.

Travelers Companies Price Performance

Shares of TRV opened at $274.73 on Tuesday. The company has a 50 day moving average of $265.09 and a two-hundred day moving average of $262.84. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $280.70. The company has a market cap of $61.85 billion, a price-to-earnings ratio of 12.15, a price-to-earnings-growth ratio of 3.16 and a beta of 0.53.

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

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a $1.10 dividend. 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 currently 19.46%.

Insider Transactions at Travelers Companies

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

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.