Private Advisor Group LLC Grows Position in Travelers Companies Inc (TRV)

Private Advisor Group LLC boosted its holdings in Travelers Companies Inc (NYSE:TRV) by 217.1% in the 2nd quarter, Holdings Channel reports. The firm owned 15,626 shares of the insurance provider’s stock after purchasing an additional 10,698 shares during the period. Private Advisor Group LLC’s holdings in Travelers Companies were worth $1,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Advisor Partners LLC raised its position in Travelers Companies by 5.5% during the 2nd quarter. Advisor Partners LLC now owns 11,398 shares of the insurance provider’s stock worth $1,394,000 after buying an additional 593 shares during the last quarter. Ancora Advisors LLC purchased a new position in Travelers Companies during the 1st quarter worth $1,810,000. Sumitomo Mitsui Asset Management Company LTD raised its position in Travelers Companies by 4.8% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 44,980 shares of the insurance provider’s stock worth $5,502,000 after buying an additional 2,065 shares during the last quarter. Cobiz Wealth LLC purchased a new position in Travelers Companies during the 2nd quarter worth $4,830,000. Finally, PGGM Investments raised its position in Travelers Companies by 4.5% during the 2nd quarter. PGGM Investments now owns 646,765 shares of the insurance provider’s stock worth $79,125,000 after buying an additional 27,565 shares during the last quarter. Hedge funds and other institutional investors own 79.01% of the company’s stock.

A number of equities analysts have commented on TRV shares. Citigroup upped their price objective on shares of Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. TheStreet downgraded shares of Travelers Companies from a “b” rating to a “c+” rating in a research report on Thursday, July 19th. Barclays cut their price objective on shares of Travelers Companies from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, July 9th. Wells Fargo & Co restated a “hold” rating and set a $142.00 price objective on shares of Travelers Companies in a research report on Thursday, July 19th. Finally, ValuEngine upgraded shares of Travelers Companies from a “sell” rating to a “hold” rating in a research report on Thursday, July 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $137.81.

In other news, EVP Andy F. Bessette sold 8,892 shares of the company’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $130.78, for a total transaction of $1,162,895.76. Following the transaction, the executive vice president now directly owns 10,551 shares of the company’s stock, valued at approximately $1,379,859.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Jay S. Benet sold 8,876 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the transaction, the insider now directly owns 94,176 shares in the company, valued at $12,431,232. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

NYSE:TRV opened at $130.51 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38. Travelers Companies Inc has a fifty-two week low of $113.76 and a fifty-two week high of $150.55. The firm has a market cap of $34.94 billion, a PE ratio of 17.93, a P/E/G ratio of 1.03 and a beta of 1.28.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, July 19th. The insurance provider reported $1.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.43 by ($0.62). Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.35 billion. equities research analysts expect that Travelers Companies Inc will post 9.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 10th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, September 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.36%. Travelers Companies’s dividend payout ratio (DPR) is presently 42.31%.

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.

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

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