Great Lakes Advisors LLC Takes $65.56 Million Position in The Travelers Companies, Inc. $TRV

Great Lakes Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, Holdings Channel reports. The institutional investor acquired 198,586 shares of the insurance provider’s stock, valued at approximately $65,557,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TRV. BlackRock Inc. acquired a new stake in Travelers Companies during the 2nd quarter valued at approximately $6,915,909,000. Norges Bank acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $723,339,000. Bank of New York Mellon Corp bought a new stake in shares of Travelers Companies in the 2nd quarter valued at $469,505,000. Deutsche Bank AG bought a new stake in shares of Travelers Companies in the 2nd quarter valued at $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Travelers Companies during the second quarter worth $205,539,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $367.96 on Wednesday. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $348.71 and a 200-day moving average price of $316.68. The company has a market cap of $76.74 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the previous year, the company earned $6.51 earnings per share. Equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s payout ratio is currently 13.39%.

Wall Street Analyst Weigh In

TRV has been the subject of a number of analyst reports. Mizuho lifted their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. The Goldman Sachs Group downgraded Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective on the stock. in a research note on Monday, July 20th. Finally, Roth Capital raised their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus price target of $354.26.

Insiders Place Their Bets

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by insiders.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.