Ritholtz Wealth Management Boosts Holdings in The Travelers Companies, Inc. $TRV

Ritholtz Wealth Management lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 4.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 37,591 shares of the insurance provider’s stock after acquiring an additional 1,606 shares during the quarter. Ritholtz Wealth Management’s holdings in Travelers Companies were worth $10,057,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in TRV. PFG Advisors grew its stake in shares of Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after buying an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. boosted its holdings in Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after acquiring an additional 1,772 shares during the period. Atlas Capital Advisors Inc. grew its position in Travelers Companies by 890.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after acquiring an additional 4,098 shares during the last quarter. Concurrent Investment Advisors LLC grew its position in Travelers Companies by 47.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock worth $1,403,000 after acquiring an additional 1,703 shares during the last quarter. Finally, Alpha Cubed Investments LLC increased its stake in Travelers Companies by 200.2% in the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock worth $870,000 after purchasing an additional 2,194 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

TRV has been the topic of several recent analyst reports. Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. Morgan Stanley raised their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. Wolfe Research initiated coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a “peer perform” rating for the company. Keefe, Bruyette & Woods raised their target price on Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Finally, UBS Group upped their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average price target of $290.11.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $275.59 on Wednesday. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95. The stock has a market capitalization of $62.04 billion, a P/E ratio of 12.19, a P/E/G ratio of 3.03 and a beta of 0.51. The company’s 50-day moving average is $274.03 and its 200 day moving average is $266.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion for the quarter, compared to analysts’ expectations of $11.02 billion. During the same period in the previous year, the firm posted $2.51 EPS. The business’s revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies’s dividend payout ratio is presently 19.46%.

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.