GTS Securities LLC Boosts Stock Position in The Travelers Companies, Inc. $TRV

GTS Securities LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 261.6% during the second quarter, Holdings Channel.com reports. The firm owned 12,328 shares of the insurance provider’s stock after buying an additional 8,919 shares during the period. GTS Securities LLC’s holdings in Travelers Companies were worth $4,070,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TRV. HHM Wealth Advisors LLC lifted its stake in shares of 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 purchasing an additional 51 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies in the first quarter valued at $26,000. LifeSteps Financial Inc. purchased a new stake in shares of Travelers Companies in the second quarter valued at $26,000. Kilter Group LLC acquired a new position in Travelers Companies in the second quarter valued at $26,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Travelers Companies in the fourth quarter valued at $26,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Trading Up 0.1%

NYSE TRV opened at $369.85 on Friday. The firm has a market capitalization of $77.14 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.52 and a beta of 0.45. 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 Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company’s 50 day moving average price is $358.56 and its 200 day moving average price is $320.77.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data 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. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the firm earned $6.51 earnings per share. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Analysts Set New Price Targets

TRV has been the topic of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Cantor Fitzgerald upped their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research note on Tuesday, May 26th. UBS Group lifted their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective for the company. in a research note on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $354.26.

Insider Buying and Selling

In other news, EVP Diane Kurtzman sold 4,164 shares of the firm’s stock in a transaction dated 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 in the company, valued at $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,667 shares of company stock valued at $19,611,829 over the last three months. Company insiders own 1.39% of the company’s stock.

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.