Two Sigma Securities LLC Makes New $492,000 Investment in The Travelers Companies, Inc. $TRV

Two Sigma Securities LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,490 shares of the insurance provider’s stock, valued at approximately $492,000.

A number of other institutional investors also recently modified their holdings of the business. Benjamin Edwards Inc. raised its holdings in Travelers Companies by 4.3% during the 2nd quarter. Benjamin Edwards Inc. now owns 6,034 shares of the insurance provider’s stock valued at $1,992,000 after acquiring an additional 247 shares during the period. GTS Securities LLC boosted its holdings in shares of Travelers Companies by 261.6% in the second quarter. GTS Securities LLC now owns 12,328 shares of the insurance provider’s stock worth $4,070,000 after acquiring an additional 8,919 shares during the period. Wedbush Securities Inc. grew its position in shares of Travelers Companies by 15.9% in the second quarter. Wedbush Securities Inc. now owns 2,935 shares of the insurance provider’s stock valued at $969,000 after purchasing an additional 402 shares in the last quarter. Greenleaf Trust grew its position in shares of Travelers Companies by 4.7% in the second quarter. Greenleaf Trust now owns 8,754 shares of the insurance provider’s stock valued at $2,890,000 after purchasing an additional 394 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its stake in shares of Travelers Companies by 2.9% during the 2nd quarter. New Mexico Educational Retirement Board now owns 10,778 shares of the insurance provider’s stock valued at $3,558,000 after purchasing an additional 300 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.6%

Shares of TRV opened at $366.10 on Thursday. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The company has a market capitalization of $76.36 billion, a P/E ratio of 9.80, a P/E/G ratio of 2.44 and a beta of 0.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The firm’s 50 day simple moving average is $361.50 and its 200 day simple moving average is $322.38.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data 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. The firm had revenue of $12.15 billion during 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 for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.51 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 5,298 shares in the company, valued at $2,048,789.58. This 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 through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 58,667 shares of company stock worth $21,830,989 over the last ninety days. 1.39% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on TRV shares. Barclays raised their target price on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Evercore set a $329.00 price target on shares of Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. UBS Group raised their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Finally, Bank of America increased their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company 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.