308 Shares in The Travelers Companies, Inc. (NYSE:TRV) Acquired by Strategic Investment Solutions Inc. IL

Strategic Investment Solutions Inc. IL purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, Holdings Channel.com reports. The firm purchased 308 shares of the insurance provider’s stock, valued at approximately $67,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of Travelers Companies by 38.7% in the 1st quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after acquiring an additional 95,451 shares during the period. Cetera Investment Advisers lifted its holdings in shares of Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock worth $10,481,000 after purchasing an additional 35,560 shares during the period. Wellington Management Group LLP boosted its position in Travelers Companies by 100.9% in the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after buying an additional 25,575 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $874,000. Finally, GAMMA Investing LLC increased its holdings in Travelers Companies by 162.6% in the 2nd quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock worth $1,002,000 after buying an additional 3,050 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Down 0.0 %

TRV opened at $235.04 on Thursday. The company has a market cap of $53.57 billion, a PE ratio of 17.46, a price-to-earnings-growth ratio of 1.23 and a beta of 0.62. The Travelers Companies, Inc. has a twelve month low of $157.33 and a twelve month high of $243.48. The company has a 50-day moving average price of $225.27 and a 200 day moving average price of $218.44. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 8.37% and a return on equity of 15.90%. Travelers Companies’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.18 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a $1.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.79%. Travelers Companies’s payout ratio is currently 31.20%.

Analyst Ratings Changes

Several research firms have recently commented on TRV. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. JPMorgan Chase & Co. increased their price target on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research report on Thursday, July 11th. TD Cowen cut Travelers Companies from a “buy” rating to a “hold” rating and decreased their price objective for the company from $252.00 to $230.00 in a report on Monday, July 15th. Bank of America upped their target price on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. Finally, Barclays initiated coverage on Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price target for the company. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $227.05.

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.