13,779 Shares in The Travelers Companies, Inc. $TRV Purchased by Reliant Investment Partners LLC

Reliant Investment Partners LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, Holdings Channel reports. The fund purchased 13,779 shares of the insurance provider’s stock, valued at approximately $3,038,000. Travelers Companies accounts for about 2.1% of Reliant Investment Partners LLC’s holdings, making the stock its 12th biggest position.

A number of other hedge funds have also recently bought and sold shares of the stock. Berman McAleer LLC raised its stake in shares of Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 30 shares in the last quarter. Willner & Heller LLC boosted its holdings in shares of Travelers Companies by 2.7% in the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after buying an additional 32 shares during the last quarter. Spinnaker Trust grew its stake in shares of Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after buying an additional 33 shares in the last quarter. Cim LLC increased its holdings in Travelers Companies by 0.4% during the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after buying an additional 34 shares during the last quarter. Finally, Avalon Trust Co increased its holdings in Travelers Companies by 0.4% during the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after buying an additional 35 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. The trade was a 32.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 62,667 shares of company stock valued at $22,688,329. Company insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Barclays increased their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Bank of America boosted their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and raised their target price for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Morgan Stanley lifted their price target on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Finally, UBS Group boosted their price target on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Trading Up 0.7%

TRV stock opened at $364.79 on Friday. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The stock has a market cap of $76.09 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45. The company has a fifty day moving average price of $351.09 and a two-hundred day moving average price of $317.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Announces Dividend

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

About Travelers Companies

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.