Crewe Advisors LLC Has $83,000 Position in The Travelers Companies, Inc. $TRV

Crewe Advisors LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 17.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 310 shares of the insurance provider’s stock after acquiring an additional 45 shares during the quarter. Crewe Advisors LLC’s holdings in Travelers Companies were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lyell Wealth Management LP acquired a new stake in Travelers Companies during the second quarter valued at $309,000. Unison Advisors LLC lifted its holdings in shares of Travelers Companies by 0.4% during the 2nd quarter. Unison Advisors LLC now owns 15,441 shares of the insurance provider’s stock valued at $4,131,000 after buying an additional 68 shares during the last quarter. Balboa Wealth Partners bought a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $430,000. Calamos Wealth Management LLC increased its holdings in Travelers Companies by 214.3% in the second quarter. Calamos Wealth Management LLC now owns 4,312 shares of the insurance provider’s stock worth $1,154,000 after buying an additional 2,940 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in Travelers Companies by 13.1% during the second quarter. Chicago Partners Investment Group LLC now owns 2,275 shares of the insurance provider’s stock valued at $602,000 after acquiring an additional 263 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.3%

Travelers Companies stock opened at $262.31 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The firm has a fifty day moving average price of $273.93 and a two-hundred day moving average price of $266.33. The firm has a market cap of $58.51 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 2.51 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The business had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same period in the previous year, the company posted $5.24 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is currently 17.30%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. UBS Group boosted their target price on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Travelers Companies in a research note on Friday. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a research report on Friday. Finally, Keefe, Bruyette & Woods increased their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $292.47.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.46% of the company’s stock.

Travelers Companies Company 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.