Kathmere Capital Management LLC Buys 357 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Kathmere Capital Management LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 10.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,729 shares of the insurance provider’s stock after purchasing an additional 357 shares during the quarter. Kathmere Capital Management LLC’s holdings in Travelers Companies were worth $758,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Scientech Research LLC boosted its stake in Travelers Companies by 635.0% during the second quarter. Scientech Research LLC now owns 12,003 shares of the insurance provider’s stock worth $2,441,000 after buying an additional 10,370 shares during the period. Legal & General Group Plc lifted its holdings in shares of Travelers Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after acquiring an additional 37,029 shares during the last quarter. MBB Public Markets I LLC purchased a new position in shares of Travelers Companies during the 2nd quarter worth about $3,366,000. Deerfield Management Company L.P. Series C boosted its stake in shares of Travelers Companies by 43.4% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 1,794 shares of the insurance provider’s stock worth $365,000 after purchasing an additional 543 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Travelers Companies by 8.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,150,213 shares of the insurance provider’s stock valued at $233,769,000 after purchasing an additional 85,619 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Barclays assumed coverage on Travelers Companies in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 target price on the stock. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Finally, Citigroup raised their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have given a buy rating and one has given a strong 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 $227.05.

Travelers Companies Stock Up 0.0 %

Travelers Companies stock opened at $236.11 on Friday. The business has a fifty day moving average price of $222.96 and a 200-day moving average price of $218.07. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $243.48. The stock has a market capitalization of $53.82 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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 company had revenue of $11.28 billion during 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 business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Profile

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.