The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by PYA Waltman Capital LLC

PYA Waltman Capital LLC raised its stake in The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 828.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 548 shares of the insurance provider’s stock after acquiring an additional 489 shares during the quarter. PYA Waltman Capital LLC’s holdings in Travelers Companies were worth $100,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Qube Research & Technologies Ltd raised its stake in shares of Travelers Companies by 655.3% during the 4th quarter. Qube Research & Technologies Ltd now owns 190,014 shares of the insurance provider’s stock worth $29,724,000 after buying an additional 164,856 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Travelers Companies by 11.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 70,188 shares of the insurance provider’s stock worth $10,980,000 after purchasing an additional 6,997 shares in the last quarter. Pinnacle Associates Ltd. increased its position in shares of Travelers Companies by 2.5% during the fourth quarter. Pinnacle Associates Ltd. now owns 12,278 shares of the insurance provider’s stock worth $1,921,000 after purchasing an additional 300 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Travelers Companies by 1.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,526 shares of the insurance provider’s stock worth $2,742,000 after purchasing an additional 256 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Travelers Companies by 22.4% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 100,839 shares of the insurance provider’s stock worth $15,843,000 after purchasing an additional 18,469 shares in the last quarter. 83.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TRV. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and dropped their target price for the company from $190.00 to $170.00 in a report on Friday, June 3rd. UBS Group dropped their target price on Travelers Companies from $184.00 to $169.00 and set a “neutral” rating for the company in a report on Monday, July 25th. Royal Bank of Canada dropped their target price on Travelers Companies from $183.00 to $165.00 in a report on Friday, July 22nd. Citigroup began coverage on Travelers Companies in a report on Monday, May 23rd. They issued a “neutral” rating and a $179.00 target price for the company. Finally, Wolfe Research restated a “peer perform” rating on shares of Travelers Companies in a report on Thursday, June 23rd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $175.00.

Travelers Companies Price Performance

TRV opened at $158.96 on Friday. The stock’s 50-day moving average price is $165.17 and its 200 day moving average price is $171.46. The Travelers Companies, Inc. has a 12-month low of $145.40 and a 12-month high of $187.98. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The firm has a market cap of $37.72 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 2.88 and a beta of 0.62.

Travelers Companies (NYSE:TRVGet Rating) last posted its earnings results on Thursday, July 21st. The insurance provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.57. The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.29 billion. Travelers Companies had a return on equity of 13.64% and a net margin of 9.97%. Travelers Companies’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.45 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 13.61 earnings per share for the current year.

Travelers Companies Announces Dividend

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

Insider Buying and Selling at Travelers Companies

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

About Travelers Companies

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRVGet Rating).

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

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.