Susquehanna Fundamental Investments LLC Invests $26.02 Million in The Travelers Companies, Inc. $TRV

Susquehanna Fundamental Investments LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 78,815 shares of the insurance provider’s stock, valued at approximately $26,018,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. HHM Wealth Advisors LLC boosted its holdings in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Travelers Companies during the first quarter valued at about $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies during the second quarter worth about $26,000. Kilter Group LLC purchased a new position in Travelers Companies during the second quarter worth about $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Travelers Companies in the 4th quarter worth about $26,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 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 research firms have commented on TRV. Cantor Fitzgerald lifted their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Bank of America increased their price target on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research report on Monday, July 20th. TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research report on Monday, July 13th. Weiss Ratings upgraded Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, August 20th. Finally, Wells Fargo & Company raised their target price on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. 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 stock. According to data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $354.26.

Travelers Companies Trading Down 0.0%

Shares of TRV stock opened at $369.85 on Monday. The company has a 50 day moving average of $358.56 and a 200-day moving average of $320.97. 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 Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The firm has a market cap of $77.14 billion, a P/E ratio of 9.90, a PEG ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted 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 return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the business earned $6.51 earnings per share. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

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 given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

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.