L & S Advisors Inc bought a new stake in shares of Travelers Companies Inc (NYSE:TRV) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 39,416 shares of the insurance provider’s stock, valued at approximately $5,893,000. Travelers Companies accounts for about 0.8% of L & S Advisors Inc’s investment portfolio, making the stock its 29th largest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Qtron Investments LLC lifted its position in Travelers Companies by 119.0% during the second quarter. Qtron Investments LLC now owns 4,525 shares of the insurance provider’s stock valued at $677,000 after purchasing an additional 2,459 shares during the period. US Bancorp DE increased its holdings in Travelers Companies by 4.2% in the second quarter. US Bancorp DE now owns 779,045 shares of the insurance provider’s stock valued at $116,483,000 after buying an additional 31,177 shares in the last quarter. Virtus ETF Advisers LLC purchased a new position in Travelers Companies in the second quarter valued at $25,000. ETRADE Capital Management LLC increased its holdings in Travelers Companies by 44.9% in the second quarter. ETRADE Capital Management LLC now owns 14,407 shares of the insurance provider’s stock valued at $2,154,000 after buying an additional 4,461 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Travelers Companies by 5.7% in the second quarter. HighTower Advisors LLC now owns 89,470 shares of the insurance provider’s stock valued at $13,366,000 after buying an additional 4,790 shares in the last quarter. Institutional investors own 81.41% of the company’s stock.
TRV stock opened at $147.77 on Friday. The stock has a market capitalization of $38.16 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.39 and a beta of 0.93. The firm has a 50-day simple moving average of $147.69 and a 200-day simple moving average of $144.11. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $155.09.
Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). The company had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.81 EPS. On average, analysts expect that Travelers Companies Inc will post 10.6 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $0.82 per share. The ex-dividend date is Monday, September 9th. This represents a $3.28 dividend on an annualized basis and a yield of 2.22%. Travelers Companies’s payout ratio is presently 36.69%.
A number of research analysts have weighed in on TRV shares. Morgan Stanley cut their price objective on shares of Travelers Companies from $140.00 to $136.00 and set an “underweight” rating for the company in a report on Thursday, August 15th. ValuEngine cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Buckingham Research cut shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price objective for the company. in a report on Friday, July 19th. UBS Group lifted their price objective on shares of Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Finally, Deutsche Bank cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price objective for the company. in a report on Thursday, June 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Travelers Companies currently has a consensus rating of “Hold” and an average target price of $148.78.
In other Travelers Companies news, Vice Chairman Jay S. Benet sold 21,972 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $146.59, for a total value of $3,220,875.48. Following the transaction, the insider now directly owns 94,588 shares in the company, valued at approximately $13,865,654.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman William H. Heyman sold 5,000 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $150.75, for a total transaction of $753,750.00. Following the completion of the transaction, the insider now owns 244,745 shares in the company, valued at $36,895,308.75. The disclosure for this sale can be found here. Insiders have sold 56,566 shares of company stock worth $8,347,056 over the last 90 days. 0.73% of the stock is currently owned by company insiders.
About Travelers Companies
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.
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