FJ Capital Management LLC Buys Shares of 5,104 The Travelers Companies, Inc. $TRV

FJ Capital Management LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,104 shares of the insurance provider’s stock, valued at approximately $1,350,000.

Several other hedge funds have also recently bought and sold shares of the company. Graham Capital Management L.P. acquired a new stake in Travelers Companies in the first quarter valued at $6,737,000. Retirement Planning Co of New England Inc. purchased a new stake in shares of Travelers Companies in the 1st quarter worth about $303,000. Quarry LP grew its stake in Travelers Companies by 42.1% in the 1st quarter. Quarry LP now owns 270 shares of the insurance provider’s stock valued at $71,000 after acquiring an additional 80 shares during the last quarter. DRW Securities LLC increased its holdings in Travelers Companies by 1,040.7% during the 1st quarter. DRW Securities LLC now owns 16,666 shares of the insurance provider’s stock valued at $4,407,000 after acquiring an additional 15,205 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in Travelers Companies during the first quarter worth about $216,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TRV has been the topic of several research reports. Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target for the company. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an “equal weight” rating in a report on Monday, May 19th. Finally, Wells Fargo & Company increased their price objective on Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $284.56.

Travelers Companies Stock Up 0.5%

TRV opened at $271.62 on Monday. The Travelers Companies, Inc. has a 12 month low of $222.21 and a 12 month high of $279.04. The business has a 50-day moving average of $263.85 and a two-hundred day moving average of $261.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $61.15 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 3.12 and a beta of 0.53.

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

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies’s dividend payout ratio is presently 19.46%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares of the company’s stock, valued at $4,900,865.92. The trade was a 38.45% decrease in their position. The disclosure for this sale can be found here. Company 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.