Kathmere Capital Management LLC Acquires 368 Shares of The Travelers Companies, Inc. $TRV

Kathmere Capital Management LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,979 shares of the insurance provider’s stock after acquiring an additional 368 shares during the period. Kathmere Capital Management LLC’s holdings in Travelers Companies were worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TRV. Cornerstone Planning Group LLC increased its holdings in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 84 shares during the period. Ameriflex Group Inc. bought a new stake in Travelers Companies during the 4th quarter worth approximately $26,000. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the 1st quarter worth approximately $26,000. Missouri Trust & Investment Co increased its holdings in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the period. Finally, Flaharty Asset Management LLC bought a new stake in Travelers Companies during the 1st quarter worth approximately $32,000. Institutional investors own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Citigroup initiated coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Barclays lowered shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $280.00 to $274.00 in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $284.56.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $277.73 on Friday. The Travelers Companies, Inc. has a 52-week low of $224.62 and a 52-week high of $280.70. The stock has a market capitalization of $62.53 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 3.15 and a beta of 0.53. The company has a fifty day moving average of $270.00 and a 200-day moving average of $264.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The company had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter in the prior year, the company earned $2.51 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. Equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio is 19.46%.

Insiders Place Their Bets

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the sale, the executive vice president owned 18,416 shares of the company’s stock, valued at $4,900,865.92. This represents a 38.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by corporate insiders.

Travelers Companies 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.