Stance Capital LLC Takes $1.32 Million Position in The Travelers Companies, Inc. $TRV

Stance Capital LLC bought 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. The institutional investor bought 4,939 shares of the insurance provider’s stock, valued at approximately $1,321,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avalon Trust Co boosted its stake in shares of Travelers Companies by 23.4% during the 2nd quarter. Avalon Trust Co now owns 7,541 shares of the insurance provider’s stock worth $2,018,000 after acquiring an additional 1,429 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Travelers Companies by 25.4% in the first quarter. BNP Paribas Financial Markets now owns 480,633 shares of the insurance provider’s stock worth $127,108,000 after acquiring an additional 97,247 shares in the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in Travelers Companies by 54.1% during the 1st quarter. Focus Partners Advisor Solutions LLC now owns 8,838 shares of the insurance provider’s stock valued at $2,337,000 after acquiring an additional 3,101 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Travelers Companies by 168.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 138,278 shares of the insurance provider’s stock worth $36,568,000 after purchasing an additional 86,689 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Travelers Companies by 11.3% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 54,430 shares of the insurance provider’s stock valued at $14,404,000 after acquiring an additional 5,508 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Travelers Companies stock opened at $285.05 on Friday. The stock has a 50-day simple moving average of $279.24 and a 200 day simple moving average of $272.07. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $63.58 billion, a price-to-earnings ratio of 11.21, a P/E/G ratio of 2.81 and a beta of 0.53. The Travelers Companies, Inc. has a 12-month low of $230.23 and a 12-month high of $296.85.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.01 by $2.13. The business had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.24 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share 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. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is 17.30%.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer owned 26,932 shares of the company’s stock, valued at $7,493,829. This trade represents a 48.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Olivo sold 8,920 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $295.73, for a total transaction of $2,637,911.60. Following the sale, the executive vice president owned 117,596 shares of the company’s stock, valued at $34,776,665.08. This represents a 7.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 46,295 shares of company stock worth $13,011,918 over the last three months. Company insiders own 1.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Wells Fargo & Company reiterated a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Barclays set a $313.00 target price on shares of Travelers Companies in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Finally, Evercore ISI reiterated an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $292.73.

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.