7,192 Shares in The Travelers Companies, Inc. $TRV Bought by Carmel Capital Partners LLC

Carmel Capital Partners LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,192 shares of the insurance provider’s stock, valued at approximately $1,924,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. Valeo Financial Advisors LLC grew its position in Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after acquiring an additional 3,611,758 shares in the last quarter. Nuveen LLC purchased a new position in Travelers Companies in the first quarter worth $294,755,000. Bahl & Gaynor Inc. grew its position in Travelers Companies by 41.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after acquiring an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after acquiring an additional 390,104 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in Travelers Companies by 86.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after acquiring an additional 342,666 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Travelers Companies stock opened at $262.31 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.33 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $273.93 and a 200-day moving average of $266.30. The firm has a market cap of $59.05 billion, a P/E ratio of 10.31, a P/E/G ratio of 2.89 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $287.95.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The company had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. Travelers Companies’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the business posted $5.24 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 annualized dividend and a yield of 1.7%. Travelers Companies’s dividend payout ratio (DPR) is 19.46%.

Insider Activity

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction dated Monday, July 21st. The shares were 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 directly owned 18,416 shares in the company, valued at $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. Company insiders own 1.46% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. Morgan Stanley upped their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Finally, Citigroup initiated coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $292.47.

Travelers Companies Company 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.