2,069 Shares in The Travelers Companies, Inc. $TRV Acquired by Empirical Asset Management LLC

Empirical Asset Management LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,069 shares of the insurance provider’s stock, valued at approximately $456,000.

Several other hedge funds have also recently modified their holdings of TRV. BlackRock Inc. acquired a new position in Travelers Companies during the 2nd quarter valued at approximately $6,915,909,000. Norges Bank acquired a new position in shares of Travelers Companies in the 4th quarter valued at about $723,339,000. Bank of New York Mellon Corp acquired a new position in Travelers Companies in the second quarter valued at approximately $469,505,000. Deutsche Bank AG acquired a new position in shares of Travelers Companies in the 2nd quarter valued at $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Travelers Companies in the second quarter worth about $205,539,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.9%

NYSE:TRV opened at $367.96 on Wednesday. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The firm has a market cap of $76.74 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average price of $348.71 and a 200 day moving average price of $316.68.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same period in the prior year, the firm earned $6.51 earnings per share. The business’s quarterly revenue was up .3% compared to the same quarter last year. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 over the last three months. 1.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays upped their target price on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Evercore set a $329.00 price target on shares of Travelers Companies and gave the company an “in-line” rating in a research report on Friday, July 10th. Bank of America upped their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Finally, Mizuho increased their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $354.26.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.