Ieq Capital LLC Makes New $28.16 Million Investment in The Travelers Companies, Inc. $TRV

Ieq Capital LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 85,289 shares of the insurance provider’s stock, valued at approximately $28,156,000.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Travelers Companies in the second quarter worth $6,915,909,000. Norges Bank acquired a new position in Travelers Companies in the 4th quarter valued at $723,339,000. Bank of New York Mellon Corp acquired a new position in Travelers Companies in the 2nd quarter valued at $469,505,000. Deutsche Bank AG bought a new position in Travelers Companies in the 2nd quarter worth $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Travelers Companies during the 2nd quarter worth $205,539,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the sale, the executive vice president directly owned 9,213 shares in the company, valued at $3,393,884.94. This trade represents a 63.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 62,667 shares of company stock valued at $22,688,329. Corporate insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley upped their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. UBS Group boosted their price objective on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price on the stock. in a report on Monday, July 13th. Finally, Bank of America lifted their price target on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Stock Performance

NYSE TRV opened at $363.83 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $75.88 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The company’s fifty day moving average is $352.28 and its two-hundred day moving average is $318.12. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.

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

Travelers Companies Announces Dividend

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

Travelers Companies 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.