Wedmont Private Capital Increases Stock Position in The Travelers Companies, Inc. (NYSE:TRV)

Wedmont Private Capital raised its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 15.1% during the third quarter, HoldingsChannel reports. The fund owned 2,425 shares of the insurance provider’s stock after acquiring an additional 319 shares during the quarter. Wedmont Private Capital’s holdings in Travelers Companies were worth $548,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Travelers Companies by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 21,693,069 shares of the insurance provider’s stock worth $4,132,313,000 after buying an additional 148,012 shares during the last quarter. JPMorgan Chase & Co. lifted 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 lifted its position in shares of Travelers Companies by 5.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,044,839 shares of the insurance provider’s stock worth $619,241,000 after buying an additional 165,708 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Travelers Companies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 2,334,882 shares of the insurance provider’s stock worth $474,774,000 after buying an additional 37,029 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Travelers Companies by 16.4% in the 1st quarter. Boston Partners now owns 1,388,019 shares of the insurance provider’s stock worth $319,348,000 after buying an additional 196,011 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

Shares of TRV opened at $236.58 on Friday. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $243.48. The firm’s 50 day moving average is $227.80 and its 200-day moving average is $218.87. The stock has a market capitalization of $53.92 billion, a P/E ratio of 14.95, a P/E/G ratio of 1.21 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its 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). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. During the same quarter in the previous year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.2 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a $1.05 dividend. This represents a $4.20 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Tuesday, September 10th. Travelers Companies’s payout ratio is 26.55%.

Analyst Ratings Changes

A number of research firms have recently issued reports on TRV. Jefferies Financial Group raised their price target on shares of Travelers Companies from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target 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. Citigroup increased their price objective on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a report on Tuesday, July 30th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $206.00 to $207.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Barclays began coverage on shares of Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $230.89.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.33% of the company’s stock.

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.