2,894 Shares in The Travelers Companies, Inc. $TRV Purchased by Roberts Glore & Co. Inc. IL

Roberts Glore & Co. Inc. IL acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,894 shares of the insurance provider’s stock, valued at approximately $638,000.

Several other institutional investors have also added to or reduced their stakes in the business. Valtrion Capital Management LLC bought a new position in Travelers Companies during the second quarter worth about $993,000. Jupiter Topco LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $8,721,000. Hsbc Holdings PLC purchased a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $267,132,000. EFG International AG bought a new position in Travelers Companies in the 2nd quarter worth approximately $1,670,000. Finally, Ancora Advisors LLC bought a new position in Travelers Companies in the 2nd quarter worth approximately $2,693,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 52,667 shares of company stock worth $19,611,829. Company insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $369.40 on Wednesday. The stock has a market cap of $77.05 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 3.52 and a beta of 0.45. 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 business has a 50-day simple moving average of $354.79 and a 200 day simple moving average of $319.45. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70.

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

Travelers Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on TRV shares. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a report on Monday, July 20th. BMO Capital Markets lowered Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Wells Fargo & Company raised their target price on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Finally, Weiss Ratings raised Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, August 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $354.26.

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.