Integrity Alliance LLC. Makes New Investment in The Travelers Companies, Inc. $TRV

Integrity Alliance LLC. purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,407 shares of the insurance provider’s stock, valued at approximately $637,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Glenview Trust co raised its position in Travelers Companies by 1.4% in the first quarter. Glenview Trust co now owns 4,823 shares of the insurance provider’s stock worth $1,275,000 after acquiring an additional 66 shares in the last quarter. SageView Advisory Group LLC raised its position in Travelers Companies by 6.5% in the first quarter. SageView Advisory Group LLC now owns 906 shares of the insurance provider’s stock worth $240,000 after acquiring an additional 55 shares in the last quarter. Advisory Alpha LLC raised its position in Travelers Companies by 3.3% in the first quarter. Advisory Alpha LLC now owns 1,451 shares of the insurance provider’s stock worth $384,000 after acquiring an additional 47 shares in the last quarter. Optimize Financial Inc purchased a new position in Travelers Companies in the 1st quarter worth about $383,000. Finally, Woodline Partners LP increased its stake in Travelers Companies by 38.0% in the 1st quarter. Woodline Partners LP now owns 347,389 shares of the insurance provider’s stock worth $91,870,000 after purchasing an additional 95,577 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on TRV. Barclays cut Travelers Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Keefe, Bruyette & Woods lifted their price target on Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an “equal weight” rating in a research note on Monday, May 19th. UBS Group lifted their target price on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Finally, Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $284.56.

Travelers Companies Stock Down 0.2%

Shares of Travelers Companies stock opened at $278.83 on Friday. The firm has a market cap of $62.77 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 3.21 and a beta of 0.53. 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 Travelers Companies, Inc. has a 52-week low of $224.62 and a 52-week high of $280.70. The stock has a 50-day simple moving average of $266.13 and a 200-day simple moving average of $263.38.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) 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 business 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 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business 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 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies’s payout ratio is 19.46%.

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.