LaSalle St. Investment Advisors LLC Purchases New Holdings in The Travelers Companies, Inc. $TRV

LaSalle St. Investment Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, Holdings Channel reports. The fund acquired 1,864 shares of the insurance provider’s stock, valued at approximately $411,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Berman McAleer LLC raised its stake in shares of Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 30 shares during the last quarter. Willner & Heller LLC grew its position in Travelers Companies by 2.7% in 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 position in 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 during the last quarter. Cim LLC increased its stake in 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 during the period. Finally, Avalon Trust Co increased its stake in Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after buying an additional 35 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

NYSE:TRV opened at $364.79 on Friday. The firm’s fifty day simple moving average is $351.09 and its 200-day simple moving average is $317.80. 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 stock has a market cap of $76.09 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS 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 quarter last year, the business earned $6.51 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s payout ratio is 13.39%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TRV. The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price for the company. in a research note on Monday, July 20th. Cantor Fitzgerald increased their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $314.00 to $379.00 in a research report on Tuesday, July 21st. Roth Capital lifted their price objective on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Raymond James Financial set a $430.00 target price on Travelers Companies in a research report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.