Muhlenkamp & Co. Inc. Takes Position in The Travelers Companies, Inc. $TRV

Muhlenkamp & Co. Inc. bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,648 shares of the insurance provider’s stock, valued at approximately $1,758,000. Travelers Companies makes up approximately 0.6% of Muhlenkamp & Co. Inc.’s portfolio, making the stock its 24th largest position.

Several other institutional investors also recently modified their holdings of TRV. Brighton Jones LLC lifted its stake in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in Travelers Companies in the fourth quarter valued at approximately $276,000. Natixis lifted its stake in Travelers Companies by 67.8% in the fourth quarter. Natixis now owns 55,404 shares of the insurance provider’s stock valued at $13,346,000 after purchasing an additional 22,382 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Travelers Companies by 1.4% in the fourth quarter. MetLife Investment Management LLC now owns 60,114 shares of the insurance provider’s stock valued at $14,481,000 after purchasing an additional 838 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in Travelers Companies by 6.2% in the fourth quarter. MML Investors Services LLC now owns 21,849 shares of the insurance provider’s stock valued at $5,263,000 after purchasing an additional 1,284 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Down 1.1%

TRV opened at $265.57 on Monday. The business’s fifty day simple moving average is $262.41 and its 200 day simple moving average is $259.43. The Travelers Companies, Inc. has a 52 week low of $215.39 and a 52 week high of $277.83. The stock has a market cap of $59.79 billion, a PE ratio of 11.75, a P/E/G ratio of 3.05 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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. The firm had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $2.51 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.7%. Travelers Companies’s dividend payout ratio (DPR) is 19.46%.

Insiders Place Their Bets

In other news, Vice Chairman William H. Heyman sold 2,000 shares of Travelers Companies stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 255,086 shares in the company, valued at approximately $70,021,107. This trade represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $274.20, for a total transaction of $9,925,765.80. Following the transaction, the executive vice president owned 118,116 shares of the company’s stock, valued at $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock valued at $47,929,912 over the last ninety days. 1.46% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Barclays downgraded Travelers Companies from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. Wells Fargo & Company increased their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Citigroup assumed coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price on the stock. Finally, Morgan Stanley set a $269.00 target price on Travelers Companies and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $284.56.

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.