Mount Lucas Management LP Has $820,000 Stake in The Travelers Companies, Inc. $TRV

Mount Lucas Management LP lowered its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 21.6% during the second quarter, Holdings Channel reports. The institutional investor owned 3,064 shares of the insurance provider’s stock after selling 842 shares during the quarter. Mount Lucas Management LP’s holdings in Travelers Companies were worth $820,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Greykasell Wealth Strategies Inc. bought a new position in shares of Travelers Companies during the 1st quarter worth about $26,000. Missouri Trust & Investment Co increased its stake in Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 55 shares during the period. Quaker Wealth Management LLC raised its position in Travelers Companies by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares in the last quarter. Nova Wealth Management Inc. bought a new position in Travelers Companies during the second quarter worth about $32,000. Finally, Golden State Wealth Management LLC boosted its holdings in Travelers Companies by 283.9% during the second quarter. Golden State Wealth Management LLC now owns 119 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 88 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.2%

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

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. The firm had revenue of $12.47 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $5.24 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current 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 paid a $1.10 dividend. 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 is 17.30%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares of the company’s stock, valued at $9,106,815.74. This represents a 20.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,195 shares of company stock valued at $15,042,229 over the last three months. 1.46% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

TRV has been the subject of several analyst reports. Morgan Stanley raised their target price on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Weiss Ratings reissued a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday, October 14th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $291.31.

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.