MTM Investment Management LLC Makes New Investment in The Travelers Companies, Inc. $TRV

MTM Investment Management LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 732 shares of the insurance provider’s stock, valued at approximately $196,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its position in Travelers Companies by 23.8% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 33,650 shares of the insurance provider’s stock valued at $9,003,000 after acquiring an additional 6,463 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in shares of Travelers Companies during the second quarter valued at approximately $1,182,000. Avantax Advisory Services Inc. lifted its position in Travelers Companies by 8.1% during the second quarter. Avantax Advisory Services Inc. now owns 30,407 shares of the insurance provider’s stock valued at $8,135,000 after purchasing an additional 2,285 shares during the period. Intech Investment Management LLC grew its position in Travelers Companies by 51.5% in the 2nd quarter. Intech Investment Management LLC now owns 68,175 shares of the insurance provider’s stock worth $18,240,000 after purchasing an additional 23,180 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Travelers Companies by 1.4% during the 2nd quarter. Cetera Investment Advisers now owns 55,663 shares of the insurance provider’s stock valued at $14,892,000 after buying an additional 758 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Down 0.2%

Shares of TRV stock opened at $286.95 on Friday. The company has a market cap of $64.01 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 2.38 and a beta of 0.55. The stock has a 50 day simple moving average of $275.29 and a 200-day simple moving average of $269.65. The Travelers Companies, Inc. has a 1-year low of $230.23 and a 1-year high of $290.61. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share 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 business had revenue of $12.47 billion during the quarter, compared to analysts’ expectations of $11.15 billion. During the same quarter in the prior year, the company posted $5.24 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal 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 Upgrades and Downgrades

TRV has been the subject of a number of recent analyst reports. Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. Wolfe Research initiated coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating on the stock. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Finally, UBS Group upped their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $291.31.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the completion of the transaction, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at approximately $7,493,829. The trade was a 48.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the sale, the executive vice president directly owned 33,638 shares in the company, valued at $9,106,815.74. This trade represents a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 54,195 shares of company stock valued at $15,042,229. 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.