15,694 Shares in The Travelers Companies, Inc. $TRV Bought by Twin Tree Management LP

Twin Tree Management LP acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,694 shares of the insurance provider’s stock, valued at approximately $3,460,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Berman McAleer LLC raised its stake in shares of Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 30 shares in the last quarter. Willner & Heller LLC lifted its holdings in shares of Travelers Companies by 2.7% during the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after buying an additional 32 shares during the last quarter. Spinnaker Trust grew its stake in shares of Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after buying an additional 33 shares in the last quarter. Cim LLC grew its stake in shares of Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after buying an additional 34 shares in the last quarter. Finally, Avalon Trust Co increased its holdings in Travelers Companies by 0.4% in the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.1%

TRV stock opened at $363.83 on Monday. The stock has a market capitalization of $75.89 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The company has a 50-day moving average of $352.28 and a two-hundred day moving average of $318.35. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the transaction, the executive vice president directly owned 9,213 shares in the company, valued at $3,393,884.94. This represents a 63.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TRV. HSBC raised their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Roth Capital raised their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Morgan Stanley lifted their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Finally, Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and a consensus target price of $354.26.

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.