Flagship Harbor Advisors LLC Has $770,000 Holdings in The Travelers Companies, Inc. $TRV

Flagship Harbor Advisors LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,879 shares of the insurance provider’s stock after selling 39 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Travelers Companies were worth $770,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Travelers Companies by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock worth $5,747,656,000 after buying an additional 115,808 shares during the period. Valeo Financial Advisors LLC lifted its holdings in Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after buying an additional 3,611,758 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Travelers Companies by 0.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock worth $899,988,000 after buying an additional 25,573 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Travelers Companies by 25.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after buying an additional 390,104 shares during the period. Finally, Bahl & Gaynor Inc. lifted its holdings in Travelers Companies by 41.2% during the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after buying an additional 490,039 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the business’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. The trade was a 20.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.46% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TRV shares. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Finally, Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $291.31.

Travelers Companies Stock Performance

Shares of TRV opened at $271.00 on Friday. The stock has a market capitalization of $60.45 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 2.38 and a beta of 0.51. The firm’s fifty day simple moving average is $274.01 and its two-hundred day simple moving average is $267.84. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $287.95.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. During the same period in the previous year, the company posted $5.24 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. As a group, analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

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.