Lee Danner & Bass Inc. Buys Shares of 17,496 The Travelers Companies, Inc. (NYSE:TRV)

Lee Danner & Bass Inc. bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,496 shares of the insurance provider’s stock, valued at approximately $3,558,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Travelers Companies by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock valued at $4,132,313,000 after purchasing an additional 148,012 shares during the period. JPMorgan Chase & Co. grew its position 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 worth $2,702,588,000 after buying an additional 3,158,979 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Travelers Companies by 5.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,124,066 shares of the insurance provider’s stock worth $595,075,000 after buying an additional 154,886 shares during the last quarter. Norges Bank purchased a new position in shares of Travelers Companies in the 4th quarter worth approximately $282,593,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Travelers Companies by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,435,924 shares of the insurance provider’s stock worth $273,529,000 after buying an additional 40,114 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TRV shares. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their price objective for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Bank of America lifted their price objective on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. William Blair reissued a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Finally, StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $223.78.

Travelers Companies Stock Performance

Shares of TRV traded up $1.58 during trading hours on Friday, hitting $227.91. The stock had a trading volume of 1,466,402 shares, compared to its average volume of 1,334,908. The firm has a market capitalization of $52.19 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.16 and a beta of 0.61. The firm has a 50-day moving average price of $212.05 and a 200 day moving average price of $215.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current 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.

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 the consensus estimate of $3.23 by ($0.72). The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.84%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s payout ratio is presently 31.20%.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.33% of the stock is owned by insiders.

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.