HighTower Advisors LLC Has $40.35 Million Stake in The Travelers Companies, Inc. $TRV

HighTower Advisors LLC lowered its stake in The Travelers Companies, Inc. (NYSE:TRV) by 15.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,227 shares of the insurance provider’s stock after selling 21,687 shares during the quarter. HighTower Advisors LLC’s holdings in Travelers Companies were worth $40,350,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Travelers Companies during the 2nd quarter worth $4,447,000. Arbejdsmarkedets Tillaegspension bought a new position in Travelers Companies in the fourth quarter valued at about $24,167,000. Rit Capital Partners PLC acquired a new stake in shares of Travelers Companies during the fourth quarter valued at about $39,450,000. Bank of Nova Scotia acquired a new stake in shares of Travelers Companies during the second quarter valued at about $19,949,000. Finally, Haverford Trust Co bought a new stake in shares of Travelers Companies during the second quarter worth about $1,723,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRV. Evercore set a $329.00 price objective on shares of Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Mizuho boosted their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a research report on Monday, July 20th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Finally, Cantor Fitzgerald lifted their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Price Performance

Shares of TRV opened at $369.01 on Tuesday. The business has a 50-day moving average of $364.21 and a 200-day moving average of $323.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a market capitalization of $76.96 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 2.48 and a beta of 0.44. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the firm posted $6.51 EPS. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is 13.39%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,313 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the sale, the executive vice president owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This represents a 63.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Olivo sold 6,000 shares of Travelers Companies stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $369.86, for a total value of $2,219,160.00. Following the completion of the transaction, the executive vice president directly owned 118,742 shares of the company’s stock, valued at approximately $43,917,916.12. This trade represents a 4.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 58,667 shares of company stock valued at $21,830,989 over the last three months. 1.39% of the stock is currently owned by corporate insiders.

About Travelers Companies

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.