Strathmore Capital Advisors Inc. Takes $2.39 Million Position in The Travelers Companies, Inc. $TRV

Strathmore Capital Advisors Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, Holdings Channel reports. The fund acquired 11,731 shares of the insurance provider’s stock, valued at approximately $2,387,000. Travelers Companies comprises about 0.6% of Strathmore Capital Advisors Inc.’s holdings, making the stock its 12th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Berman McAleer LLC grew its holdings in shares of Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 30 shares during the period. Willner & Heller LLC increased its position in shares of Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after acquiring an additional 32 shares during the last quarter. Spinnaker Trust raised its stake in shares of Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares during the period. Cim LLC raised its stake in shares of Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after acquiring an additional 34 shares during the period. Finally, Avalon Trust Co lifted its holdings in shares of Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of TRV opened at $362.47 on Thursday. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The firm’s 50 day moving average price is $349.88 and its 200 day moving average price is $317.23. The company has a market cap of $75.60 billion, a P/E ratio of 9.71, a PEG ratio of 3.50 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the sale, the executive vice president owned 5,298 shares in the company, valued at $2,048,789.58. This represents a 44.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research report on Wednesday, August 5th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Morgan Stanley upped their price target on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $354.26.

About Travelers Companies

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.