DAVENPORT & Co LLC Purchases 78 Shares of The Travelers Companies, Inc. (NYSE:TRV)

DAVENPORT & Co LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 1.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 4,530 shares of the insurance provider’s stock after buying an additional 78 shares during the period. DAVENPORT & Co LLC’s holdings in Travelers Companies were worth $828,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of TRV. Norges Bank purchased a new position in Travelers Companies during the fourth quarter valued at $224,986,000. Eaton Vance Management purchased a new position in shares of Travelers Companies in the 4th quarter worth $64,576,000. Goldman Sachs Group Inc. grew its stake in shares of Travelers Companies by 56.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,135,421 shares of the insurance provider’s stock worth $177,614,000 after buying an additional 408,488 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Travelers Companies in the 4th quarter worth $41,080,000. Finally, D. E. Shaw & Co. Inc. grew its stake in shares of Travelers Companies by 4,249.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 228,756 shares of the insurance provider’s stock worth $35,784,000 after buying an additional 223,496 shares in the last quarter. 83.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on TRV. Raymond James raised shares of Travelers Companies from an “underperform” rating to a “market perform” rating in a research note on Wednesday, April 20th. Wolfe Research restated a “peer perform” rating on shares of Travelers Companies in a report on Thursday, June 23rd. Barclays cut their price objective on shares of Travelers Companies from $177.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Friday. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $190.00 to $170.00 in a research report on Friday, June 3rd. Finally, Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $172.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 12th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $173.77.

Travelers Companies Stock Down 0.3 %

TRV stock opened at $156.42 on Monday. The firm’s fifty day simple moving average is $168.25 and its 200-day simple moving average is $171.96. The company has a market capitalization of $37.53 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 3.39 and a beta of 0.69. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The Travelers Companies, Inc. has a 12 month low of $145.40 and a 12 month high of $187.98.

Travelers Companies (NYSE:TRVGet Rating) last released its quarterly earnings data on Thursday, July 21st. The insurance provider reported $2.57 EPS for the quarter, beating the consensus estimate of $1.97 by $0.60. The business had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.29 billion. Travelers Companies had a net margin of 9.97% and a return on equity of 13.64%. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.45 EPS. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 13.49 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Thursday, September 8th. Travelers Companies’s dividend payout ratio (DPR) is currently 25.82%.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 5,500 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $176.68, for a total value of $971,740.00. Following the completion of the transaction, the insider now directly owns 251,605 shares in the company, valued at approximately $44,453,571.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Vice Chairman William H. Heyman sold 5,500 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $176.68, for a total value of $971,740.00. Following the completion of the transaction, the insider now directly owns 251,605 shares in the company, valued at approximately $44,453,571.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Diane Kurtzman sold 2,671 shares of the business’s stock in a transaction on Tuesday, May 3rd. The shares were sold at an average price of $172.74, for a total transaction of $461,388.54. Following the completion of the transaction, the executive vice president now owns 1,735 shares of the company’s stock, valued at $299,703.90. The disclosure for this sale can be found here. Insiders sold a total of 18,171 shares of company stock worth $3,160,929 in the last three months. Company insiders own 1.07% of the company’s stock.

Travelers Companies Company 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.

Recommended 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.