Genus Capital Management Inc. Makes New Investment in The Travelers Companies, Inc. $TRV

Genus Capital Management Inc. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 7,972 shares of the insurance provider’s stock, valued at approximately $2,133,000.

Other hedge funds also recently made changes to their positions in the company. Valeo Financial Advisors LLC boosted its stake in shares of Travelers Companies by 71,265.9% during the second 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. Nuveen LLC acquired a new stake in Travelers Companies in the first quarter valued at about $294,755,000. Bahl & Gaynor Inc. lifted its position in Travelers Companies by 41.2% in the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after purchasing an additional 490,039 shares during the period. Goldman Sachs Group Inc. lifted its position in Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after purchasing an additional 390,104 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Travelers Companies by 86.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock valued at $197,686,000 after purchasing an additional 342,666 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Up 3.5%

Shares of TRV stock opened at $277.14 on Wednesday. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The stock has a market cap of $61.82 billion, a P/E ratio of 10.90, a P/E/G ratio of 2.38 and a beta of 0.51. The business has a fifty day simple moving average of $273.87 and a 200-day simple moving average of $268.42. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share 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 analysts’ expectations of $11.15 billion. During the same quarter last year, the business posted $5.24 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 8,572 shares of Travelers Companies stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This represents 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.

Analysts Set New Price Targets

TRV has been the subject of a number of recent analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Evercore ISI restated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $291.31.

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.