Ieq Capital LLC Takes Position in The Travelers Companies, Inc. $TRV

Ieq Capital LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 19,228 shares of the insurance provider’s stock, valued at approximately $4,240,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Travelers Companies in the second quarter worth $6,915,909,000. Norges Bank purchased a new position in Travelers Companies during the 4th quarter valued at $723,339,000. Bank of New York Mellon Corp bought a new position in Travelers Companies in the 2nd quarter worth $469,505,000. Deutsche Bank AG purchased a new stake in shares of Travelers Companies in the 2nd quarter worth about $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Travelers Companies during the 2nd quarter valued at about $205,539,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

Shares of TRV opened at $370.65 on Tuesday. The company has a market cap of $77.31 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 3.46 and a beta of 0.45. The business’s fifty day simple moving average is $353.55 and its two-hundred day simple moving average is $318.93. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

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. 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 during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the previous year, the company earned $6.51 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. Research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the transaction, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,667 shares of company stock worth $19,611,829 in the last three months. Corporate insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on TRV. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a report on Monday, July 20th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research report on Tuesday, May 26th. Morgan Stanley raised 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. Roth Capital lifted their price target on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target 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.