L & S Advisors Inc Buys Shares of 39,416 Travelers Companies Inc (NYSE:TRV)

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L & S Advisors Inc bought a new stake in shares of Travelers Companies Inc (NYSE:TRV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 39,416 shares of the insurance provider’s stock, valued at approximately $5,893,000. Travelers Companies comprises 0.8% of L & S Advisors Inc’s holdings, making the stock its 29th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Qtron Investments LLC increased its stake in shares of Travelers Companies by 119.0% in the 2nd quarter. Qtron Investments LLC now owns 4,525 shares of the insurance provider’s stock worth $677,000 after purchasing an additional 2,459 shares in the last quarter. US Bancorp DE boosted its holdings in Travelers Companies by 4.2% in the 2nd quarter. US Bancorp DE now owns 779,045 shares of the insurance provider’s stock worth $116,483,000 after buying an additional 31,177 shares during the period. Virtus ETF Advisers LLC bought a new position in Travelers Companies in the 2nd quarter worth $25,000. ETRADE Capital Management LLC boosted its holdings in Travelers Companies by 44.9% in the 2nd quarter. ETRADE Capital Management LLC now owns 14,407 shares of the insurance provider’s stock worth $2,154,000 after buying an additional 4,461 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in Travelers Companies by 5.7% in the 2nd quarter. HighTower Advisors LLC now owns 89,470 shares of the insurance provider’s stock worth $13,366,000 after buying an additional 4,790 shares during the period. Institutional investors and hedge funds own 81.41% of the company’s stock.

TRV opened at $147.77 on Friday. The firm has a 50-day simple moving average of $147.69 and a two-hundred day simple moving average of $144.11. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $155.09. The company has a market capitalization of $38.16 billion, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.39 and a beta of 0.93. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.30). Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The company had revenue of $6.99 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same period last year, the company earned $1.81 EPS. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Travelers Companies Inc will post 10.6 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. This represents a $3.28 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Monday, September 9th. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.

In related news, Vice Chairman William H. Heyman sold 5,000 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $150.75, for a total value of $753,750.00. Following the completion of the transaction, the insider now owns 244,745 shares of the company’s stock, valued at approximately $36,895,308.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman William H. Heyman sold 7,500 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $149.50, for a total transaction of $1,121,250.00. Following the completion of the transaction, the insider now directly owns 242,245 shares of the company’s stock, valued at approximately $36,215,627.50. The disclosure for this sale can be found here. Insiders have sold a total of 56,566 shares of company stock valued at $8,347,056 in the last three months. Insiders own 0.73% of the company’s stock.

Several research analysts recently weighed in on TRV shares. Morgan Stanley dropped their target price on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating for the company in a report on Thursday, August 15th. ValuEngine downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Buckingham Research downgraded shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 target price for the company. in a report on Friday, July 19th. UBS Group upped their target price on shares of Travelers Companies from $146.00 to $152.00 and gave the stock a “neutral” rating in a report on Wednesday, July 10th. Finally, Royal Bank of Canada upped their target price on shares of Travelers Companies to $160.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $148.78.

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.

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

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