The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Brookstone Capital Management

Brookstone Capital Management raised its holdings in The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 30.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,329 shares of the insurance provider’s stock after purchasing an additional 1,018 shares during the period. Brookstone Capital Management’s holdings in Travelers Companies were worth $732,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. State Street Corp raised its position in shares of Travelers Companies by 0.9% in the 1st quarter. State Street Corp now owns 17,450,134 shares of the insurance provider’s stock valued at $3,188,663,000 after purchasing an additional 160,389 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Travelers Companies by 14.7% in the 1st quarter. JPMorgan Chase & Co. now owns 3,603,296 shares of the insurance provider’s stock valued at $658,429,000 after acquiring an additional 460,615 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Travelers Companies by 0.5% in the 1st quarter. First Eagle Investment Management LLC now owns 3,108,769 shares of the insurance provider’s stock valued at $568,065,000 after acquiring an additional 15,694 shares during the last quarter. Norges Bank bought a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $224,986,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Travelers Companies by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,411,106 shares of the insurance provider’s stock valued at $257,853,000 after acquiring an additional 31,165 shares during the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Mojgan M. Lefebvre sold 2,945 shares of the company’s stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $168.33, for a total value of $495,731.85. Following the completion of the sale, the executive vice president now owns 1,020 shares in the company, valued at $171,696.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on TRV. Morgan Stanley lowered their price target on Travelers Companies from $181.00 to $175.00 and set an “equal weight” rating for the company in a report on Friday, August 19th. UBS Group lowered their price target on Travelers Companies from $184.00 to $169.00 and set a “neutral” rating for the company in a report on Monday, July 25th. The Goldman Sachs Group downgraded Travelers Companies from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $190.00 to $170.00 in a research note on Friday, June 3rd. Barclays lowered their price objective on Travelers Companies from $184.00 to $177.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Finally, Jefferies Financial Group lowered their price objective on Travelers Companies from $172.00 to $156.00 and set a “hold” rating for the company in a research note on Tuesday, July 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and an average target price of $174.60.

Travelers Companies Trading Down 0.0 %

NYSE:TRV opened at $157.00 on Friday. The Travelers Companies, Inc. has a 1 year low of $145.40 and a 1 year high of $187.98. The stock has a market cap of $37.26 billion, a price-to-earnings ratio of 10.90, a PEG ratio of 2.94 and a beta of 0.61. The business has a fifty day moving average of $162.99 and a 200-day moving average of $170.43. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

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

Travelers Companies Dividend Announcement

The company 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. The ex-dividend date is Thursday, September 8th. This represents a $3.72 annualized dividend and a dividend yield of 2.37%. Travelers Companies’s dividend payout ratio (DPR) is 25.82%.

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.

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

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