4,249 Shares in The Travelers Companies, Inc. $TRV Purchased by Longfellow Investment Management Co. LLC

Longfellow Investment Management Co. LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 4,249 shares of the insurance provider’s stock, valued at approximately $1,403,000.

Other large investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC boosted its position in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new stake in Travelers Companies in the 1st quarter valued at approximately $26,000. LifeSteps Financial Inc. acquired a new stake in Travelers Companies in the 2nd quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the 4th quarter valued at $26,000. Finally, Osterweis Capital Management Inc. boosted its position in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.0%

TRV opened at $370.49 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $77.27 billion, a PE ratio of 9.92, a P/E/G ratio of 3.52 and a beta of 0.45. The stock’s fifty day moving average is $345.99 and its 200-day moving average is $315.49. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same period in the previous year, the company earned $6.51 earnings per share. Travelers Companies’s revenue was up .3% compared to the same quarter last year. On average, equities analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Activity

In other news, EVP Diane Kurtzman sold 4,164 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This trade represents a 44.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 in the last ninety days. 1.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on TRV. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Morgan Stanley raised their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Finally, Mizuho boosted their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Company Profile

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.