Hennessy Advisors Inc. Purchases Shares of 32,200 The Travelers Companies, Inc. $TRV

Hennessy Advisors Inc. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,200 shares of the insurance provider’s stock, valued at approximately $8,615,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Travelers Companies by 0.5% during the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock valued at $5,747,656,000 after acquiring an additional 115,808 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Travelers Companies by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock worth $899,988,000 after purchasing an additional 25,573 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Travelers Companies by 25.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after purchasing an additional 390,104 shares in the last quarter. Bahl & Gaynor Inc. lifted its stake in shares of Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after purchasing an additional 490,039 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Travelers Companies by 24.0% during the first quarter. AQR Capital Management LLC now owns 1,431,736 shares of the insurance provider’s stock worth $377,921,000 after purchasing an additional 276,850 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $284.93 on Friday. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $286.17. The firm has a market capitalization of $64.15 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 3.22 and a beta of 0.51. The business has a 50 day simple moving average of $271.60 and a 200 day simple moving average of $265.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the prior year, the company posted $2.51 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Wednesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.46%.

Analyst Ratings Changes

A number of brokerages have commented on TRV. Weiss Ratings restated a “buy (b+)” rating on shares of Travelers Companies in a research note on Saturday, September 27th. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research note on Wednesday. Wells Fargo & Company boosted their price target on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Citigroup initiated coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven 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 company presently has an average rating of “Hold” and a consensus target price of $284.56.

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 stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the completion of the transaction, the executive vice president directly owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value of $4,668,222.80. The disclosure for this sale can be found here. Company 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.