West Family Investments Inc. Acquires 481 Shares of The Travelers Companies, Inc. $TRV

West Family Investments Inc. increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 30.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,061 shares of the insurance provider’s stock after acquiring an additional 481 shares during the period. West Family Investments Inc.’s holdings in Travelers Companies were worth $551,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of TRV. Williamson Legacy Group LLC bought a new stake in shares of Travelers Companies during the second quarter worth $984,000. Schroder Investment Management Group increased its stake in Travelers Companies by 4.5% in the 2nd quarter. Schroder Investment Management Group now owns 104,633 shares of the insurance provider’s stock worth $27,994,000 after buying an additional 4,525 shares during the period. Norges Bank bought a new stake in Travelers Companies during the 2nd quarter valued at about $815,013,000. Measured Wealth Private Client Group LLC boosted its position in Travelers Companies by 28.0% in the 2nd quarter. Measured Wealth Private Client Group LLC now owns 2,665 shares of the insurance provider’s stock valued at $713,000 after buying an additional 583 shares during the period. Finally, Scotia Capital Inc. increased its position in shares of Travelers Companies by 26.8% during the second quarter. Scotia Capital Inc. now owns 1,449 shares of the insurance provider’s stock worth $388,000 after acquiring an additional 306 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total value of $6,956,250.00. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. This trade represents a 48.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the sale, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,375 shares of company stock worth $10,374,006 over the last 90 days. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies Price Performance

NYSE TRV opened at $295.08 on Friday. The firm’s fifty day simple moving average is $278.20 and its two-hundred day simple moving average is $271.27. The firm has a market capitalization of $65.82 billion, a P/E ratio of 11.60, a P/E/G ratio of 2.38 and a beta of 0.55. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $296.85.

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

Travelers Companies Announces Dividend

The firm also recently declared 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 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 presently 17.30%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on TRV shares. JPMorgan Chase & Co. increased their price objective on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research note on Thursday, October 9th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Barclays set a $313.00 price objective on Travelers Companies in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their target price on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Finally, Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $292.73.

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.