Tudor Financial Inc. Boosts Stake in The Travelers Companies, Inc. $TRV

Tudor Financial Inc. increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 60.0% during the second quarter, HoldingsChannel.com reports. The fund owned 4,200 shares of the insurance provider’s stock after buying an additional 1,575 shares during the period. Tudor Financial Inc.’s holdings in Travelers Companies were worth $1,387,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Berman McAleer LLC grew its holdings in Travelers Companies by 3.5% in the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock valued at $295,000 after buying an additional 30 shares in the last quarter. Willner & Heller LLC boosted its position in shares of Travelers Companies by 2.7% during the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after acquiring an additional 32 shares during the last quarter. Spinnaker Trust boosted its position in shares of Travelers Companies by 1.7% during the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares during the last quarter. Cim LLC grew its holdings in shares of Travelers Companies by 0.4% in the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after purchasing an additional 34 shares during the period. Finally, Avalon Trust Co increased its position in Travelers Companies by 0.4% during the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Maria Olivo sold 6,000 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $369.86, for a total value of $2,219,160.00. Following the sale, the executive vice president directly owned 118,742 shares of the company’s stock, valued at $43,917,916.12. This trade represents a 4.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Klein sold 6,000 shares of the business’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 transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 58,667 shares of company stock worth $21,830,989. 1.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. BMO Capital Markets cut Travelers Companies from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Mizuho increased their price objective on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Finally, Cantor Fitzgerald raised their target price on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Four equities 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Price Performance

TRV stock opened at $374.71 on Friday. The business’s fifty day moving average price is $362.62 and its 200 day moving average price is $322.95. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $78.15 billion, a PE ratio of 10.04, a P/E/G ratio of 2.46 and a beta of 0.44.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio is currently 13.39%.

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.