Rossmore Private Capital raised its holdings in Travelers Companies Inc (NYSE:TRV) by 25.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,840 shares of the insurance provider’s stock after acquiring an additional 984 shares during the quarter. Rossmore Private Capital’s holdings in Travelers Companies were worth $592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in TRV. Ladenburg Thalmann Financial Services Inc. grew its position in Travelers Companies by 6.4% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,787 shares of the insurance provider’s stock valued at $2,410,000 after acquiring an additional 1,072 shares during the last quarter. Verition Fund Management LLC bought a new position in Travelers Companies in the 4th quarter valued at $302,000. Macquarie Group Ltd. grew its position in Travelers Companies by 0.9% in the 4th quarter. Macquarie Group Ltd. now owns 178,946 shares of the insurance provider’s stock valued at $25,134,000 after acquiring an additional 1,519 shares during the last quarter. Gotham Asset Management LLC bought a new position in Travelers Companies in the 4th quarter valued at $441,000. Finally, Lake Street Advisors Group LLC bought a new position in Travelers Companies in the 4th quarter valued at $279,000. 78.67% of the stock is currently owned by institutional investors.

Shares of TRV stock opened at $125.20 on Friday. Travelers Companies Inc has a twelve month low of $113.76 and a twelve month high of $150.55. The firm has a market capitalization of $33.83 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 0.94 and a beta of 1.26. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.41 and a quick ratio of 0.39.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 19th. The insurance provider reported $1.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.43 by ($0.62). The firm had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.35 billion. Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. equities analysts forecast that Travelers Companies Inc will post 10.42 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Monday, September 10th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, September 7th. Travelers Companies’s dividend payout ratio (DPR) is currently 42.31%.

Several equities analysts have commented on TRV shares. Citigroup upped their price objective on Travelers Companies from $156.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, March 27th. Zacks Investment Research upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $151.00 target price for the company in a report on Tuesday, April 3rd. Wells Fargo & Co set a $142.00 target price on Travelers Companies and gave the stock a “hold” rating in a report on Monday, April 2nd. Morgan Stanley lowered their target price on Travelers Companies from $130.00 to $126.00 and set an “underweight” rating for the company in a report on Wednesday, April 25th. Finally, Argus lowered their target price on Travelers Companies from $163.00 to $158.00 and set a “buy” rating for the company in a report on Thursday, April 26th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Travelers Companies has a consensus rating of “Hold” and an average target price of $138.80.

In related news, Vice Chairman Jay S. Benet sold 6,854 shares of the company’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $132.00, for a total transaction of $904,728.00. Following the completion of the sale, the insider now directly owns 92,154 shares in the company, valued at approximately $12,164,328. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jay S. Benet sold 6,457 shares of the company’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $132.01, for a total value of $852,388.57. Following the sale, the insider now owns 91,757 shares of the company’s stock, valued at $12,112,841.57. The disclosure for this sale can be found here. Corporate insiders own 0.80% of the company’s stock.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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