Breiter Capital Management Inc. Has $420,000 Position in Travelers Companies Inc (NYSE:TRV)

Breiter Capital Management Inc. lifted its stake in Travelers Companies Inc (NYSE:TRV) by 7.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,436 shares of the insurance provider’s stock after purchasing an additional 243 shares during the period. Breiter Capital Management Inc.’s holdings in Travelers Companies were worth $420,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TRV. BlackRock Inc. increased its holdings in shares of Travelers Companies by 7.3% in the first quarter. BlackRock Inc. now owns 22,604,259 shares of the insurance provider’s stock valued at $3,100,401,000 after purchasing an additional 1,528,327 shares in the last quarter. FMR LLC increased its holdings in shares of Travelers Companies by 9.4% in the first quarter. FMR LLC now owns 10,500,482 shares of the insurance provider’s stock valued at $1,440,247,000 after purchasing an additional 904,028 shares in the last quarter. FIL Ltd increased its holdings in shares of Travelers Companies by 44.8% in the first quarter. FIL Ltd now owns 1,450,421 shares of the insurance provider’s stock valued at $198,939,000 after purchasing an additional 448,948 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of Travelers Companies by 16,739.9% in the second quarter. Thoroughbred Financial Services LLC now owns 424,196 shares of the insurance provider’s stock valued at $42,420,000 after purchasing an additional 421,677 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Travelers Companies by 23.0% in the first quarter. Victory Capital Management Inc. now owns 1,940,150 shares of the insurance provider’s stock valued at $266,111,000 after purchasing an additional 362,384 shares in the last quarter. 80.58% of the stock is owned by institutional investors and hedge funds.

In other news, Vice Chairman William H. Heyman sold 5,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $150.75, for a total value of $753,750.00. Following the completion of the transaction, the insider now owns 244,745 shares of the company’s stock, valued at approximately $36,895,308.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane D. Bengston sold 6,899 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $147.53, for a total transaction of $1,017,809.47. Following the completion of the transaction, the executive vice president now directly owns 11,746 shares of the company’s stock, valued at approximately $1,732,887.38. The disclosure for this sale can be found here. Insiders have sold a total of 41,899 shares of company stock valued at $6,189,059 in the last ninety days. Company insiders own 0.73% of the company’s stock.

A number of analysts recently weighed in on the stock. Buckingham Research lowered shares of Travelers Companies from a “buy” rating to a “neutral” rating and set a $158.00 price target for the company. in a report on Friday, July 19th. UBS Group raised their price target on shares of Travelers Companies from $146.00 to $152.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Deutsche Bank lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $147.11 price target for the company. in a report on Thursday, June 27th. MKM Partners raised their price target on shares of Travelers Companies to $140.00 and gave the company a “neutral” rating in a report on Monday, April 22nd. Finally, ValuEngine lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $148.55.

TRV opened at $148.22 on Friday. The stock’s fifty day simple moving average is $150.63. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.26. Travelers Companies Inc has a 52 week low of $111.08 and a 52 week high of $155.09. The firm has a market cap of $38.01 billion, a price-to-earnings ratio of 16.58, a PEG ratio of 1.38 and a beta of 0.94.

Travelers Companies (NYSE:TRV) last released its earnings results on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). Travelers Companies had a return on equity of 10.73% and a net margin of 8.65%. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $7.03 billion. During the same period in the prior year, the firm posted $1.81 EPS. Travelers Companies’s revenue was up 4.4% on a year-over-year basis. Equities analysts forecast that Travelers Companies Inc will post 10.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Monday, September 9th. Travelers Companies’s dividend payout ratio is presently 36.69%.

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.

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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