Tobam Takes $97,000 Position in The Travelers Companies, Inc. (NYSE:TRV)

Tobam bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 415 shares of the insurance provider’s stock, valued at approximately $97,000.

Several other institutional investors and hedge funds have also modified their holdings of TRV. Y.D. More Investments Ltd purchased a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies in the 1st quarter worth $35,000. Beacon Capital Management LLC boosted its holdings in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Opal Wealth Advisors LLC bought a new stake in Travelers Companies in the first quarter worth $42,000. Finally, Tributary Capital Management LLC purchased a new position in Travelers Companies during the first quarter worth $45,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.33% of the stock is owned by insiders.

Travelers Companies Price Performance

Shares of TRV stock opened at $233.20 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $53.15 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.21 and a beta of 0.62. The firm’s 50-day moving average is $226.94 and its two-hundred day moving average is $218.69. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. Analysts predict that The Travelers Companies, Inc. will post 17.2 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s payout ratio is 26.55%.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRV. Morgan Stanley cut their price target on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, July 19th. The Goldman Sachs Group increased their price target on Travelers Companies from $196.00 to $216.00 and gave the stock a “sell” rating in a research report on Wednesday. StockNews.com cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Finally, Barclays initiated coverage on Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price target for the company. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $230.89.

About Travelers Companies

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.