The Travelers Companies, Inc. (NYSE:TRV) Position Increased by Weaver Capital Management LLC

Weaver Capital Management LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,190 shares of the insurance provider’s stock after buying an additional 1,053 shares during the quarter. Weaver Capital Management LLC’s holdings in Travelers Companies were worth $2,275,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Pathway Financial Advisers LLC acquired a new position in Travelers Companies in the 1st quarter worth approximately $35,000. Beacon Capital Management LLC lifted its position in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Northwest Financial Advisors acquired a new stake in shares of Travelers Companies during the 4th quarter valued at $32,000. Opal Wealth Advisors LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at $42,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies in the first quarter worth $45,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

Shares of TRV stock opened at $227.87 on Wednesday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $52.18 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.18 and a beta of 0.61. The firm’s 50 day moving average is $213.14 and its 200-day moving average is $215.99. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. Sell-side analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. William Blair restated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $252.00 to $230.00 in a research report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $223.78.

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.