Phillips Financial Management LLC Raises Stake in The Travelers Companies, Inc. $TRV

Phillips Financial Management LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 11.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,027 shares of the insurance provider’s stock after buying an additional 108 shares during the quarter. Phillips Financial Management LLC’s holdings in Travelers Companies were worth $275,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Travelers Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock worth $5,747,656,000 after buying an additional 115,808 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Travelers Companies by 71,265.9% during the second 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 in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Travelers Companies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock worth $899,988,000 after buying an additional 25,573 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after buying an additional 390,104 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings 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 valued at $444,101,000 after purchasing an additional 490,039 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on TRV. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a report on Wednesday, October 1st. Wolfe Research began coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a “peer perform” rating for the company. Morgan Stanley boosted their target price on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Finally, UBS Group boosted their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $291.31.

Travelers Companies Trading Up 1.6%

NYSE TRV opened at $269.43 on Wednesday. The company’s fifty day simple moving average is $274.06 and its 200-day simple moving average is $266.51. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market cap of $60.10 billion, a P/E ratio of 10.59, a PEG ratio of 2.50 and a beta of 0.51.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Insider Activity at Travelers Companies

In related 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 can be accessed through this link. Insiders own 1.46% of the company’s stock.

About Travelers Companies

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.