Kimelman & Baird LLC Takes Position in The Travelers Companies, Inc. (NYSE:TRV)

Kimelman & Baird LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,715 shares of the insurance provider’s stock, valued at approximately $1,772,000.

A number of other hedge funds have also added to or reduced their stakes in TRV. Vanguard Group Inc. boosted its stake in Travelers Companies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after buying an additional 148,012 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Travelers Companies by 36.8% in the first quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after buying an additional 3,158,979 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Travelers Companies by 5.8% during the second quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after buying an additional 165,708 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Travelers Companies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock valued at $474,774,000 after acquiring an additional 37,029 shares in the last quarter. Finally, Boston Partners grew its position in Travelers Companies by 16.4% during the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after acquiring an additional 196,011 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was 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 owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TRV shares. Citigroup increased their target price on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. StockNews.com cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday. 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 report on Friday, July 19th. Finally, William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Performance

Shares of TRV opened at $236.11 on Monday. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $243.48. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market cap of $53.82 billion, a PE ratio of 17.54, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The stock has a 50-day moving average price of $223.62 and a 200-day moving average price of $218.13.

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 firm had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.06 earnings per share. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

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.