Ossiam Raises Holdings in The Travelers Companies, Inc. $TRV

Ossiam grew its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 120.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,951 shares of the insurance provider’s stock after purchasing an additional 8,707 shares during the quarter. Ossiam’s holdings in Travelers Companies were worth $4,268,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TRV. Missouri Trust & Investment Co boosted its stake in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the period. Quaker Wealth Management LLC lifted its holdings in shares of Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after buying an additional 208 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Travelers Companies in the second quarter valued at approximately $30,000. Flaharty Asset Management LLC purchased a new position in Travelers Companies during the first quarter valued at approximately $32,000. Finally, Nova Wealth Management Inc. bought a new stake in Travelers Companies during the 2nd quarter worth approximately $32,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 8,920 shares of the stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the transaction, the executive vice president owned 117,596 shares of the company’s stock, valued at approximately $34,776,665.08. This trade represents a 7.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the transaction, the chief financial officer owned 26,932 shares in the company, valued at approximately $7,493,829. The trade was a 48.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 46,295 shares of company stock worth $13,011,918 over the last 90 days. Company insiders own 1.46% of the company’s stock.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $279.55 on Tuesday. 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 firm has a market capitalization of $62.36 billion, a PE ratio of 10.99, a price-to-earnings-growth ratio of 2.76 and a beta of 0.53. The business’s 50-day moving average price is $279.17 and its 200-day moving average price is $271.83. 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 released its earnings results 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. The company had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.24 EPS. Sell-side 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 disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 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, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Barclays set a $313.00 price objective on Travelers Companies in a research note on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Finally, Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $292.73.

About Travelers Companies

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.