86,322 Shares in The Travelers Companies, Inc. $TRV Purchased by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 86,322 shares of the insurance provider’s stock, valued at approximately $23,093,000.

Other institutional investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC grew its stake in shares of Travelers Companies by 71,265.9% in the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after acquiring an additional 3,611,758 shares in the last quarter. Nuveen LLC bought a new position in Travelers Companies in the first quarter valued at approximately $294,755,000. Bahl & Gaynor Inc. increased its stake in shares of Travelers Companies by 41.2% in the 1st quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after purchasing an additional 490,039 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Travelers Companies by 25.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock valued at $511,631,000 after acquiring an additional 390,104 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in Travelers Companies by 86.5% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after purchasing an additional 342,666 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $286.95 on Monday. The firm has a 50 day moving average of $275.29 and a 200-day moving average of $269.69. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $64.01 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 2.38 and a beta of 0.55. The Travelers Companies, Inc. has a 12 month low of $230.23 and a 12 month high of $290.61.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The firm had revenue of $12.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $5.24 EPS. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders 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 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s payout ratio is presently 17.30%.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’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 sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction on 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 sale, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 54,195 shares of company stock valued at $15,042,229 in the last ninety days. 1.46% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on TRV shares. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research note on Monday, October 20th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of Travelers Companies in a research report on Friday, October 17th. JPMorgan Chase & Co. lifted their price target on shares of Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a research report on Thursday, October 9th. Finally, UBS Group lifted their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $291.31.

About Travelers Companies

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.