GSA Capital Partners LLP Buys New Holdings in The Travelers Companies, Inc. $TRV

GSA Capital Partners LLP purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, HoldingsChannel reports. The fund purchased 2,810 shares of the insurance provider’s stock, valued at approximately $928,000.

A number of other institutional investors have also added to or reduced their stakes in TRV. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Travelers Companies during the 4th quarter valued at about $24,167,000. Rit Capital Partners PLC bought a new stake in shares of Travelers Companies during the fourth quarter worth $39,450,000. UBS Group AG grew its stake in Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after purchasing an additional 89,159 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Travelers Companies during the first quarter valued at approximately $576,000. Finally, Swiss Life Asset Management Ltd grew its stake in Travelers Companies by 41.5% in the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after purchasing an additional 19,347 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Travelers Companies

In other news, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Stock Performance

NYSE TRV opened at $367.96 on Wednesday. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The firm has a market capitalization of $76.74 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The stock’s fifty day moving average is $348.71 and its two-hundred day moving average is $316.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business posted $6.51 earnings per share. On average, research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s payout ratio is currently 13.39%.

Wall Street Analyst Weigh In

TRV has been the topic of several research analyst reports. Mizuho boosted their price target on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. HSBC raised their target price on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Wells Fargo & Company raised their price objective on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Roth Capital boosted their price objective on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.