Lbmc Investment Advisors LLC Invests $489,000 in The Travelers Companies, Inc. $TRV

Lbmc Investment Advisors LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,750 shares of the insurance provider’s stock, valued at approximately $489,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Travelers Companies by 1.4% in the second quarter. Vanguard Group Inc. now owns 22,047,005 shares of the insurance provider’s stock worth $5,898,456,000 after buying an additional 313,449 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Travelers Companies by 10.9% during the second quarter. JPMorgan Chase & Co. now owns 7,626,750 shares of the insurance provider’s stock valued at $2,040,475,000 after acquiring an additional 751,715 shares in the last quarter. Geode Capital Management LLC raised its holdings in Travelers Companies by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 5,541,819 shares of the insurance provider’s stock worth $1,481,805,000 after acquiring an additional 54,363 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after acquiring an additional 3,611,758 shares during the last quarter. Finally, Norges Bank bought a new position in Travelers Companies in the 2nd quarter valued at approximately $815,013,000. 82.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total value of $2,320,697.56. Following the transaction, the executive vice president directly owned 33,638 shares in the company, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Maria Olivo sold 8,920 shares of Travelers Companies stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the transaction, the executive vice president owned 117,596 shares in the company, valued at $34,776,665.08. This represents a 7.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 46,295 shares of company stock valued at $13,011,918 in the last ninety days. Corporate insiders own 1.46% of the company’s stock.

Travelers Companies Stock Up 0.5%

Travelers Companies stock opened at $291.19 on Thursday. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $296.85. The stock has a fifty day moving average of $279.65 and a 200 day moving average of $272.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market cap of $64.95 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 2.85 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the previous year, the company posted $5.24 EPS. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is currently 17.30%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TRV. Barclays set a $313.00 target price on Travelers Companies in a report on Wednesday, October 8th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. UBS Group boosted their target price on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $294.25.

Travelers Companies Company 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.