Travelers Companies Inc (TRV) Stake Boosted by Gryphon Financial Partners LLC

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Gryphon Financial Partners LLC increased its holdings in Travelers Companies Inc (NYSE:TRV) by 48.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,474 shares of the insurance provider’s stock after acquiring an additional 803 shares during the period. Gryphon Financial Partners LLC’s holdings in Travelers Companies were worth $321,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Starfire Investment Advisers Inc. bought a new position in Travelers Companies during the third quarter valued at $200,000. Fulcrum Capital LLC grew its holdings in Travelers Companies by 1.8% during the third quarter. Fulcrum Capital LLC now owns 33,191 shares of the insurance provider’s stock valued at $4,305,000 after purchasing an additional 582 shares during the period. SRS Capital Advisors Inc. grew its holdings in Travelers Companies by 2,420.2% during the third quarter. SRS Capital Advisors Inc. now owns 3,125 shares of the insurance provider’s stock valued at $405,000 after purchasing an additional 3,001 shares during the period. Unigestion Holding SA grew its holdings in Travelers Companies by 9.9% during the third quarter. Unigestion Holding SA now owns 36,145 shares of the insurance provider’s stock valued at $4,689,000 after purchasing an additional 3,245 shares during the period. Finally, Community Bank N.A. grew its holdings in Travelers Companies by 17.6% during the third quarter. Community Bank N.A. now owns 3,135 shares of the insurance provider’s stock valued at $406,000 after purchasing an additional 470 shares during the period. 79.33% of the stock is owned by institutional investors.

NYSE:TRV opened at $131.03 on Friday. The firm has a market cap of $34.06 billion, a price-to-earnings ratio of 18.00, a P/E/G ratio of 1.02 and a beta of 1.19. Travelers Companies Inc has a 1 year low of $119.67 and a 1 year high of $150.55. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.28. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $6.83 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.91 earnings per share. On average, analysts predict that Travelers Companies Inc will post 9.88 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 10th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $3.08 annualized dividend and a dividend yield of 2.35%. Travelers Companies’s dividend payout ratio is currently 42.31%.

In related news, Vice Chairman Jay S. Benet sold 8,876 shares of the stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total value of $1,171,632.00. Following the sale, the insider now owns 94,176 shares in the company, valued at $12,431,232. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Andy F. Bessette sold 8,892 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $130.78, for a total value of $1,162,895.76. Following the completion of the sale, the executive vice president now owns 10,551 shares in the company, valued at approximately $1,379,859.78. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

Several equities analysts have weighed in on TRV shares. Zacks Investment Research lowered Travelers Companies from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Wells Fargo & Co reissued a “hold” rating and set a $142.00 price objective on shares of Travelers Companies in a report on Thursday, July 19th. Citigroup lowered Travelers Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $149.00 to $134.00 in a report on Friday, October 19th. B. Riley increased their price objective on Travelers Companies from $118.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, August 7th. Finally, Sandler O’Neill reissued a “hold” rating and set a $130.00 price objective on shares of Travelers Companies in a report on Friday, July 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $136.36.

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Travelers Companies Company 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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