The Travelers Companies, Inc. $TRV Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,879 shares of the insurance provider’s stock after purchasing an additional 389 shares during the quarter. New York Life Investment Management LLC’s holdings in Travelers Companies were worth $9,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PFG Advisors grew its stake in shares of Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after purchasing an additional 2,217 shares during the period. Greatmark Investment Partners Inc. grew its stake in shares of Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after purchasing an additional 1,772 shares during the period. Atlas Capital Advisors Inc. lifted its position in shares of Travelers Companies by 890.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after buying an additional 4,098 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Travelers Companies by 47.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock valued at $1,403,000 after buying an additional 1,703 shares in the last quarter. Finally, Alpha Cubed Investments LLC lifted its position in shares of Travelers Companies by 200.2% during the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock valued at $870,000 after buying an additional 2,194 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.46% of the company’s stock.

Travelers Companies Trading Down 0.8%

Shares of TRV stock opened at $268.30 on Wednesday. The stock’s fifty day moving average is $274.22 and its two-hundred day moving average is $267.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $59.85 billion, a P/E ratio of 10.55, a PEG ratio of 2.43 and a beta of 0.51. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95.

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

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Keefe, Bruyette & Woods increased their target price on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Wolfe Research initiated coverage on Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus target price of $291.31.

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.