The Travelers Companies, Inc. $TRV Shares Purchased by Empowered Funds LLC

Empowered Funds LLC raised its position in The Travelers Companies, Inc. (NYSE:TRV) by 83.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,065 shares of the insurance provider’s stock after acquiring an additional 24,155 shares during the quarter. Empowered Funds LLC’s holdings in Travelers Companies were worth $14,197,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Bearing Point Capital LLC raised its holdings in shares of Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock valued at $522,000 after purchasing an additional 38 shares in the last quarter. Y.D. More Investments Ltd raised its stake in Travelers Companies by 13.9% in the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock valued at $84,000 after buying an additional 39 shares in the last quarter. Park National Corp OH raised its stake in Travelers Companies by 1.6% in the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after buying an additional 40 shares in the last quarter. ORG Partners LLC lifted its holdings in Travelers Companies by 5.6% during the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after buying an additional 41 shares during the last quarter. Finally, Park Place Capital Corp boosted its position in shares of Travelers Companies by 33.1% during the 2nd quarter. Park Place Capital Corp now owns 165 shares of the insurance provider’s stock worth $44,000 after acquiring an additional 41 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Travelers Companies news, Vice Chairman William H. Heyman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total transaction of $575,000.00. Following the completion of the sale, the insider directly owned 255,086 shares of the company’s stock, valued at $73,337,225. This represents a 0.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Daniel S. Frey sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total value of $6,956,250.00. Following the sale, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 54,195 shares of company stock worth $15,042,229. Insiders own 1.46% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV opened at $287.14 on Wednesday. The company’s 50 day simple moving average is $275.75 and its 200-day simple moving average is $269.99. The firm has a market cap of $64.05 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $290.61. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the prior year, the firm earned $5.24 EPS. Travelers Companies’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TRV. Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 target price on the stock. UBS Group raised their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a research report on Sunday, October 19th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $291.94.

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.