Dohj LLC increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,542 shares of the insurance provider’s stock after purchasing an additional 169 shares during the period. Dohj LLC’s holdings in The Travelers Companies were worth $530,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Keel Point LLC acquired a new position in shares of The Travelers Companies during the 2nd quarter worth about $226,000. Baldrige Asset Management LLC acquired a new position in shares of The Travelers Companies during the 2nd quarter worth about $30,000. Capital Analysts LLC raised its position in shares of The Travelers Companies by 718.5% during the 2nd quarter. Capital Analysts LLC now owns 221 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 194 shares during the last quarter. RMR Wealth Builders acquired a new position in shares of The Travelers Companies during the 1st quarter worth about $38,000. Finally, Vestor Capital LLC acquired a new position in shares of The Travelers Companies during the 1st quarter worth about $41,000. Hedge funds and other institutional investors own 81.84% of the company’s stock.
In other The Travelers Companies news, EVP Michael Frederick Klein sold 12,000 shares of the firm’s stock in a transaction on Monday, July 26th. The shares were sold at an average price of $149.22, for a total transaction of $1,790,640.00. Following the transaction, the executive vice president now directly owns 16,275 shares of the company’s stock, valued at approximately $2,428,555.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.92% of the company’s stock.
The Travelers Companies (NYSE:TRV) last posted its earnings results on Monday, July 19th. The insurance provider reported $3.45 EPS for the quarter, beating the Zacks’ consensus estimate of $2.39 by $1.06. The firm had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.53 billion. The Travelers Companies had a net margin of 11.30% and a return on equity of 12.71%. The company’s revenue was up 9.5% on a year-over-year basis. During the same period last year, the firm posted ($0.20) EPS. On average, equities analysts expect that The Travelers Companies, Inc. will post 12.25 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Friday, September 10th will be given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Thursday, September 9th. The Travelers Companies’s dividend payout ratio (DPR) is 33.59%.
Several analysts recently issued reports on TRV shares. William Blair reaffirmed an “outperform” rating on shares of The Travelers Companies in a research note on Wednesday, July 21st. Bank of America cut shares of The Travelers Companies from a “buy” rating to an “underperform” rating and dropped their price objective for the company from $171.00 to $161.00 in a research note on Thursday, July 22nd. Morgan Stanley upped their price objective on shares of The Travelers Companies from $166.00 to $168.00 and gave the company an “equal weight” rating in a research note on Monday, August 16th. Wolfe Research started coverage on shares of The Travelers Companies in a research note on Monday, August 16th. They set an “outperform” rating and a $180.00 price objective for the company. Finally, upped their price objective on shares of The Travelers Companies from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, June 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $161.69.
The Travelers Companies Company Profile
The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a broad array of property and casualty insurance, and insurance related services to its customers.
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