RiverFront Investment Group LLC Buys 1,221 Shares of The Travelers Companies, Inc. $TRV

RiverFront Investment Group LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 84.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,662 shares of the insurance provider’s stock after buying an additional 1,221 shares during the quarter. RiverFront Investment Group LLC’s holdings in Travelers Companies were worth $712,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. Avalon Trust Co boosted its stake in Travelers Companies by 23.4% in the 2nd quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock valued at $2,018,000 after purchasing an additional 1,429 shares during the period. Atlas Capital Advisors Inc. lifted its holdings in shares of Travelers Companies by 890.9% during the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after buying an additional 4,098 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Travelers Companies by 25.4% in the first quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock valued at $127,108,000 after acquiring an additional 97,247 shares during the period. Jefferies Financial Group Inc. boosted its position in shares of Travelers Companies by 702.5% in the first quarter. Jefferies Financial Group Inc. now owns 11,459 shares of the insurance provider’s stock valued at $3,030,000 after acquiring an additional 10,031 shares during the period. Finally, Focus Partners Advisor Solutions LLC grew its stake in shares of Travelers Companies by 54.1% in the first quarter. Focus Partners Advisor Solutions LLC now owns 8,838 shares of the insurance provider’s stock valued at $2,337,000 after acquiring an additional 3,101 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Morgan Stanley lifted their price objective on shares of Travelers Companies from $285.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, November 17th. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Citigroup assumed coverage on Travelers Companies in a research note on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. Finally, Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $292.73.

Insiders Place Their Bets

In related news, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the sale, the insider directly owned 255,086 shares in the company, valued at $73,337,225. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the sale, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. This represents a 48.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 37,375 shares of company stock valued at $10,374,006. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

Travelers Companies stock opened at $293.66 on Wednesday. The business has a 50 day moving average of $277.12 and a 200-day moving average of $270.71. The company has a market capitalization of $65.50 billion, a P/E ratio of 11.55, a P/E/G ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $296.85. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

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. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $12.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period in the previous year, the firm posted $5.24 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors 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 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

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.