The Travelers Companies, Inc. (NYSE:TRV) Shares Acquired by Great Lakes Advisors LLC

Great Lakes Advisors LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 140.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,989 shares of the insurance provider’s stock after buying an additional 16,352 shares during the quarter. Great Lakes Advisors LLC’s holdings in Travelers Companies were worth $5,114,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Stiles Financial Services Inc grew its holdings in shares of Travelers Companies by 5.8% during the first quarter. Stiles Financial Services Inc now owns 2,890 shares of the insurance provider’s stock valued at $528,000 after buying an additional 159 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Travelers Companies by 6.7% during the first quarter. Los Angeles Capital Management LLC now owns 78,864 shares of the insurance provider’s stock valued at $14,411,000 after buying an additional 4,955 shares in the last quarter. Camden Capital LLC purchased a new position in shares of Travelers Companies during the first quarter valued at $263,000. Mach 1 Financial Group LLC boosted its position in Travelers Companies by 1.7% during the first quarter. Mach 1 Financial Group LLC now owns 3,707 shares of the insurance provider’s stock valued at $677,000 after purchasing an additional 61 shares during the last quarter. Finally, Twin Capital Management Inc. acquired a new stake in Travelers Companies during the first quarter valued at $827,000. Hedge funds and other institutional investors own 83.20% of the company’s stock.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $172.78, for a total transaction of $1,727,800.00. Following the transaction, the executive vice president now directly owns 9,107 shares in the company, valued at $1,573,507.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Vice Chairman William H. Heyman sold 5,500 shares of the company’s stock in a transaction that occurred on Friday, May 27th. The stock was sold at an average price of $176.68, for a total value of $971,740.00. Following the sale, the insider now directly owns 251,605 shares in the company, valued at approximately $44,453,571.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $172.78, for a total value of $1,727,800.00. Following the completion of the sale, the executive vice president now owns 9,107 shares in the company, valued at $1,573,507.46. The disclosure for this sale can be found here. Corporate insiders own 1.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on TRV shares. Barclays reduced their price objective on Travelers Companies from $184.00 to $177.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Morgan Stanley reduced their price objective on Travelers Companies from $184.00 to $181.00 and set an “equal weight” rating for the company in a research report on Monday, May 23rd. Piper Sandler reduced their price objective on Travelers Companies from $190.00 to $175.00 and set a “neutral” rating for the company in a research report on Friday, July 22nd. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $190.00 to $170.00 in a research report on Friday, June 3rd. Finally, StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $175.00.

Travelers Companies Price Performance

NYSE TRV opened at $158.96 on Friday. The Travelers Companies, Inc. has a twelve month low of $145.40 and a twelve month high of $187.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market capitalization of $37.72 billion, a PE ratio of 11.03, a P/E/G ratio of 2.89 and a beta of 0.62. The stock has a 50-day simple moving average of $165.17 and a 200 day simple moving average of $171.46.

Travelers Companies (NYSE:TRVGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The insurance provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.57. Travelers Companies had a return on equity of 13.64% and a net margin of 9.97%. The business had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the previous year, the firm earned $3.45 EPS. The firm’s revenue was up 5.2% compared to the same quarter last year. Research analysts anticipate that The Travelers Companies, Inc. will post 13.61 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be paid a dividend of $0.93 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $3.72 annualized dividend and a yield of 2.34%. Travelers Companies’s dividend payout ratio is 25.82%.

Travelers Companies Profile

(Get Rating)

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

Featured Stories

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRVGet Rating).

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.