GHP Investment Advisors Inc. Increases Position in The Travelers Companies, Inc. $TRV

GHP Investment Advisors Inc. grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 2.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 53,201 shares of the insurance provider’s stock after buying an additional 1,230 shares during the period. GHP Investment Advisors Inc.’s holdings in Travelers Companies were worth $14,233,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bearing Point Capital LLC raised its holdings in shares of Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock valued at $522,000 after buying an additional 38 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock valued at $1,171,000 after buying an additional 39 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock valued at $84,000 after buying an additional 39 shares during the last quarter. Park National Corp OH raised its holdings in shares of Travelers Companies by 1.6% in the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after buying an additional 40 shares during the last quarter. Finally, ORG Partners LLC raised its holdings in shares of Travelers Companies by 5.6% in the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock valued at $207,000 after buying an additional 41 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research note on Thursday, October 9th. Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target on the stock. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Finally, Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Sunday, October 19th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $291.31.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the sale, the executive vice president directly owned 33,638 shares in the company, valued at $9,106,815.74. This represents a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale is available in the SEC filing. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Trading Down 0.9%

Shares of TRV opened at $268.61 on Friday. 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 firm’s 50-day moving average is $273.86 and its two-hundred day moving average is $268.09. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. The firm has a market capitalization of $59.92 billion, a P/E ratio of 10.56, a PEG ratio of 2.38 and a beta of 0.51.

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

Travelers Companies Announces Dividend

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

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.