1,490 Shares in The Travelers Companies, Inc. $TRV Bought by Two Sigma Securities LLC

Two Sigma Securities LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 1,490 shares of the insurance provider’s stock, valued at approximately $492,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Travelers Companies in the second quarter worth $4,447,000. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Travelers Companies in the 4th quarter worth about $24,167,000. Rit Capital Partners PLC purchased a new position in shares of Travelers Companies in the 4th quarter worth about $39,450,000. Bank of Nova Scotia bought a new position in Travelers Companies in the 2nd quarter worth about $19,949,000. Finally, Haverford Trust Co bought a new position in Travelers Companies in the 2nd quarter worth about $1,723,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the transaction, the executive vice president directly owned 5,298 shares in the company, valued at $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 58,667 shares of company stock worth $21,830,989. 1.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TRV. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target for the company. in a research report on Monday, July 13th. Roth Capital boosted their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Finally, Morgan Stanley increased their target price on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $366.10 on Thursday. The firm’s 50-day moving average price is $361.50 and its 200-day moving average price is $322.38. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market cap of $76.36 billion, a PE ratio of 9.80, a PEG ratio of 2.44 and a beta of 0.44. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company earned $6.51 earnings per share. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

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

Travelers Companies Company 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.