Vest Financial LLC Increases Position in The Travelers Companies, Inc. $TRV

Vest Financial LLC lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 37.3% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,637 shares of the insurance provider’s stock after buying an additional 43,098 shares during the period. Vest Financial LLC’s holdings in Travelers Companies were worth $42,442,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. Valeo Financial Advisors LLC boosted its stake in shares of Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares during the last quarter. Nuveen LLC purchased a new position in shares of Travelers Companies in the 1st quarter worth approximately $294,755,000. Bahl & Gaynor Inc. raised its holdings in shares of Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after purchasing an additional 490,039 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after purchasing an additional 390,104 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Travelers Companies by 86.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after purchasing an additional 342,666 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on TRV. Wolfe Research began coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating on the stock. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday. UBS Group lifted their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wells Fargo & Company lifted their price target on shares of Travelers Companies from $275.00 to $291.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $290.11.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 1.6%

Shares of TRV stock opened at $269.92 on Monday. The company’s fifty day simple moving average is $273.66 and its two-hundred day simple moving average is $266.18. 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 1 year low of $230.23 and a 1 year high of $287.95. The stock has a market capitalization of $60.77 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 3.08 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter in the previous year, the firm posted $2.51 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were issued a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is presently 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.