Calamos Advisors LLC Purchases 4,472 Shares of The Travelers Companies, Inc. $TRV

Calamos Advisors LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 7.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,441 shares of the insurance provider’s stock after acquiring an additional 4,472 shares during the quarter. Calamos Advisors LLC’s holdings in Travelers Companies were worth $19,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Travelers Companies in the 4th quarter valued at about $723,339,000. State Street Corp lifted its position in shares of Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the period. AustralianSuper Pty Ltd boosted its stake in shares of Travelers Companies by 102.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after purchasing an additional 458,746 shares in the last quarter. Woodline Partners LP bought a new position in shares of Travelers Companies during the third quarter valued at approximately $99,680,000. Finally, AQR Capital Management LLC increased its holdings in Travelers Companies by 22.8% during the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider’s stock valued at $496,872,000 after buying an additional 331,170 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Avrohom J. Kess sold 6,735 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $308.78, for a total transaction of $2,079,633.30. Following the completion of the sale, the insider directly owned 48,737 shares in the company, valued at $15,049,010.86. This trade represents a 12.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,573 shares of company stock worth $11,504,146 in the last ninety days. 1.39% of the stock is owned by company insiders.

Travelers Companies Stock Performance

Shares of TRV opened at $336.92 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 stock has a 50-day moving average of $311.62 and a two-hundred day moving average of $300.46. The stock has a market cap of $71.65 billion, a P/E ratio of 10.02, a P/E/G ratio of 3.05 and a beta of 0.46. The Travelers Companies, Inc. has a one year low of $249.19 and a one year high of $349.35.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share for the quarter, beating analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion for the quarter, compared to analyst estimates of $11.11 billion. During the same period in the prior year, the company earned $1.91 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. As a group, research analysts predict that The Travelers Companies, Inc. will post 28.31 EPS for the current year.

Travelers Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, June 10th were issued a $1.25 dividend. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.5%. Travelers Companies’s dividend payout ratio is currently 14.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays downgraded shares of Travelers Companies from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $331.00 to $295.00 in a research note on Friday, June 12th. UBS Group increased their target price on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a report on Monday. HSBC boosted their price target on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Finally, JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $331.21.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.