Manning & Napier Advisors LLC Takes Position in The Travelers Companies, Inc. $TRV

Manning & Napier Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 24,099 shares of the insurance provider’s stock, valued at approximately $7,998,000.

Other institutional investors have also recently added to or reduced their stakes in the company. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies during the second quarter worth $26,000. Kilter Group LLC acquired a new position in shares of Travelers Companies during the 2nd quarter valued at $26,000. HHM Wealth Advisors LLC lifted its position in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies during the 4th quarter worth $26,000. Finally, Whipplewood Advisors LLC purchased a new position in Travelers Companies in the first quarter valued at about $26,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Up 1.9%

TRV stock opened at $370.65 on Tuesday. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The company has a fifty day simple moving average of $353.55 and a 200 day simple moving average of $318.93. The firm has a market cap of $77.31 billion, a PE ratio of 9.93, a PEG ratio of 3.46 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $6.51 EPS. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the 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 sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $16,519,811.25. This represents a 11.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the sale, the executive vice president directly owned 9,213 shares in the company, valued at $3,393,884.94. The trade was a 63.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 52,667 shares of company stock valued at $19,611,829. 1.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TRV. Bank of America boosted their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Finally, Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research note on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned 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 a consensus 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.