Savant Capital LLC Buys 9,923 Shares of The Travelers Companies, Inc. $TRV

Savant Capital LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 46.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,365 shares of the insurance provider’s stock after acquiring an additional 9,923 shares during the quarter. Savant Capital LLC’s holdings in Travelers Companies were worth $8,391,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. PFG Advisors increased its stake in shares of Travelers Companies by 108.8% in the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after buying an additional 2,217 shares in the last quarter. Greatmark Investment Partners Inc. increased its position in Travelers Companies by 3.0% in the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after acquiring an additional 1,772 shares in the last quarter. Atlas Capital Advisors Inc. raised its stake in shares of Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after acquiring an additional 4,098 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Travelers Companies by 25.4% during the first quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock worth $127,108,000 after purchasing an additional 97,247 shares in the last quarter. Finally, Fidelis Capital Partners LLC boosted its position in Travelers Companies by 163.1% in the 1st quarter. Fidelis Capital Partners LLC now owns 2,828 shares of the insurance provider’s stock valued at $733,000 after buying an additional 1,753 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on TRV shares. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Wolfe Research initiated coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday, October 19th. Finally, JPMorgan Chase & Co. raised their price target on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research note on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $291.31.

Travelers Companies Stock Up 1.2%

Travelers Companies stock opened at $279.52 on Friday. The stock has a market cap of $62.35 billion, a P/E ratio of 10.99, a P/E/G ratio of 2.38 and a beta of 0.55. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. The company’s 50-day moving average price is $274.23 and its two-hundred day moving average price is $268.74.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $11.15 billion. During the same period in the previous year, the company posted $5.24 EPS. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s payout ratio is presently 17.30%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the sale, the executive vice president directly owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This represents a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 50,392 shares of company stock valued at $13,945,170 in the last three months. Corporate insiders own 1.46% of the company’s stock.

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.