The Travelers Companies, Inc. $TRV Shares Acquired by First Horizon Advisors Inc.

First Horizon Advisors Inc. raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,906 shares of the insurance provider’s stock after purchasing an additional 3,201 shares during the quarter. Travelers Companies accounts for approximately 1.0% of First Horizon Advisors Inc.’s portfolio, making the stock its 21st largest position. First Horizon Advisors Inc.’s holdings in Travelers Companies were worth $39,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PFG Advisors increased its position in shares of Travelers Companies by 108.8% in the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after buying an additional 2,217 shares in the last quarter. Greatmark Investment Partners Inc. increased its position in Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after purchasing an additional 1,772 shares in the last quarter. Atlas Capital Advisors Inc. increased its position in Travelers Companies by 890.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after purchasing an additional 4,098 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in Travelers Companies by 47.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock worth $1,403,000 after purchasing an additional 1,703 shares in the last quarter. Finally, Alpha Cubed Investments LLC increased its position in Travelers Companies by 200.2% during the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock worth $870,000 after purchasing an additional 2,194 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Travelers Companies stock opened at $277.14 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market cap of $61.82 billion, a P/E ratio of 10.90, a P/E/G ratio of 2.38 and a beta of 0.51. The business’s fifty day moving average is $273.87 and its two-hundred day moving average is $268.42. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95.

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

Travelers Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have weighed in on TRV. Citigroup began coverage on Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target for the company. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Morgan Stanley raised their price target on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 7th. Barclays set a $313.00 price target on Travelers Companies in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $291.31.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the sale, the executive vice president owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. The trade was a 20.31% decrease in their position. The SEC filing for this sale provides additional information. 1.46% of the stock is currently owned by insiders.

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.