Thurston Springer Miller Herd & Titak Inc. Purchases New Position in The Travelers Companies, Inc. (NYSE:TRV)

Thurston Springer Miller Herd & Titak Inc. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 426 shares of the insurance provider’s stock, valued at approximately $87,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of Travelers Companies by 36.8% in the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Norges Bank bought a new position in Travelers Companies during the fourth quarter worth about $282,593,000. International Assets Investment Management LLC grew its stake in Travelers Companies by 19,918.1% in the fourth quarter. International Assets Investment Management LLC now owns 475,830 shares of the insurance provider’s stock valued at $90,641,000 after acquiring an additional 473,453 shares during the period. Zurich Insurance Group Ltd FI bought a new stake in shares of Travelers Companies in the first quarter worth about $88,190,000. Finally, Boston Partners raised its position in shares of Travelers Companies by 42.5% during the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after purchasing an additional 355,489 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of the business’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 sale, the executive vice president now owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Trading Up 0.9 %

Shares of Travelers Companies stock traded up $1.91 during midday trading on Wednesday, reaching $210.19. The company had a trading volume of 73,465 shares, compared to its average volume of 1,371,957. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75. The stock has a fifty day moving average price of $209.61 and a 200 day moving average price of $215.28. The firm has a market cap of $47.91 billion, a PE ratio of 15.48, a P/E/G ratio of 1.11 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.35 billion. During the same period last year, the company posted $0.06 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.00%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Analyst Ratings Changes

TRV has been the subject of a number of research analyst reports. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. Bank of America increased their price objective on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a report on Monday, July 22nd. Jefferies Financial Group lowered their price objective on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. UBS Group reduced their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Finally, Keefe, Bruyette & Woods cut their price target on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $221.11.

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.