Concord Asset Management LLC VA Has $1.93 Million Stock Holdings in The Travelers Companies, Inc. $TRV

Concord Asset Management LLC VA grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 7.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,219 shares of the insurance provider’s stock after purchasing an additional 504 shares during the quarter. Concord Asset Management LLC VA’s holdings in Travelers Companies were worth $1,931,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. PFG Advisors lifted its stake in shares of Travelers Companies by 108.8% in the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after acquiring an additional 2,217 shares during the period. Greatmark Investment Partners Inc. lifted its stake in shares of Travelers Companies by 3.0% in the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after acquiring an additional 1,772 shares during the period. Atlas Capital Advisors Inc. lifted its stake in shares of Travelers Companies by 890.9% in the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after acquiring an additional 4,098 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of Travelers Companies by 47.3% in the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock worth $1,403,000 after acquiring an additional 1,703 shares during the period. Finally, Alpha Cubed Investments LLC lifted its stake in shares of Travelers Companies by 200.2% in the first quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock worth $870,000 after acquiring an additional 2,194 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on TRV. Wolfe Research began coverage on Travelers Companies in a research note on Monday, September 15th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. lifted their price objective on Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a research note on Thursday. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. UBS Group lifted their target price on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley lifted their target price on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $290.11.

Travelers Companies Trading Down 1.6%

NYSE TRV opened at $269.92 on Monday. The company has a market cap of $60.77 billion, a price-to-earnings ratio of 11.94, a P/E/G ratio of 3.08 and a beta of 0.51. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. The business has a 50 day moving average price of $273.66 and a 200-day moving average price of $266.18. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

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

Travelers Companies Announces Dividend

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

Insider Activity at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction that occurred 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. 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.