Beacon Investment Advisory Services Inc. Buys 121 Shares of The Travelers Companies, Inc. $TRV

Beacon Investment Advisory Services Inc. lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 13.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,051 shares of the insurance provider’s stock after buying an additional 121 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Travelers Companies were worth $281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TRV. GAMMA Investing LLC boosted its stake in Travelers Companies by 31,132.9% during the first quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock valued at $582,733,000 after buying an additional 2,196,426 shares during the last quarter. Nuveen LLC bought a new stake in shares of Travelers Companies in the first quarter valued at about $294,755,000. Bahl & Gaynor Inc. boosted its stake in shares of Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after purchasing an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after purchasing an additional 390,104 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Travelers Companies by 24.0% during the first quarter. AQR Capital Management LLC now owns 1,431,736 shares of the insurance provider’s stock worth $377,921,000 after purchasing an additional 276,850 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’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 sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’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 Stock Performance

Shares of TRV stock opened at $274.24 on Friday. The company has a market cap of $61.74 billion, a PE ratio of 12.13, a P/E/G ratio of 3.18 and a beta of 0.53. The company’s fifty day simple moving average is $269.76 and its 200-day simple moving average is $264.58. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The company has a current ratio of 0.33, a quick 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 for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the company earned $2.51 earnings per share. Travelers Companies’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies’s payout ratio is presently 19.46%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on TRV. Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. Barclays lowered shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $280.00 to $274.00 in a research report on Monday, July 7th. Wolfe Research started coverage on Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $284.56.

Travelers Companies 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.