Empirical Asset Management LLC Makes New $846,000 Investment in The Travelers Companies, Inc. $TRV

Empirical Asset Management LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,563 shares of the insurance provider’s stock, valued at approximately $846,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LifeSteps Financial Inc. bought a new stake in Travelers Companies in the 2nd quarter worth about $26,000. HHM Wealth Advisors LLC lifted its stake in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. bought a new position in Travelers Companies during the 4th quarter valued at about $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies during the 1st quarter valued at about $26,000. Finally, Osterweis Capital Management Inc. boosted its holdings in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Up 0.9%

TRV stock opened at $367.96 on Wednesday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market cap of $76.74 billion, a P/E ratio of 9.85, a PEG ratio of 3.52 and a beta of 0.45. The business’s 50-day moving average price is $348.71 and its 200-day moving average price is $316.68.

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 the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.51 EPS. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is presently 13.39%.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. The trade was a 32.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 62,667 shares of company stock valued at $22,688,329. Company insiders own 1.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRV. TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a report on Monday, July 13th. Morgan Stanley lifted their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a research note on Monday, July 20th. Wells Fargo & Company increased their price target on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Finally, BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies 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.