1,050 Shares in The Travelers Companies, Inc. $TRV Bought by S Bank Fund Management Ltd

S Bank Fund Management Ltd purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,050 shares of the insurance provider’s stock, valued at approximately $281,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TRV. Brighton Jones LLC lifted its stake in Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Travelers Companies in the fourth quarter worth $276,000. GAMMA Investing LLC lifted its stake in Travelers Companies by 18.1% in the first quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider’s stock worth $2,203,000 after acquiring an additional 1,277 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Travelers Companies by 1.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 162,322 shares of the insurance provider’s stock worth $42,927,000 after acquiring an additional 2,932 shares during the period. Finally, Sowell Financial Services LLC purchased a new stake in Travelers Companies in the first quarter worth $538,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Analysts Set New Price Targets

TRV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research note on Thursday, October 9th. Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective for the company. Wells Fargo & Company raised their price objective on Travelers Companies from $275.00 to $291.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Wall Street Zen raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $291.59.

Travelers Companies Price Performance

TRV opened at $261.61 on Friday. The stock has a 50-day moving average price of $273.99 and a 200-day moving average price of $266.31. 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 firm has a market cap of $58.90 billion, a PE ratio of 11.57, a P/E/G ratio of 2.98 and a beta of 0.51. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.01 by $2.13. The firm had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.24 EPS. Sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is currently 19.46%.

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.