Great Lakes Advisors LLC Has $5.11 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Great Lakes Advisors LLC lifted its holdings in The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 140.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,989 shares of the insurance provider’s stock after acquiring an additional 16,352 shares during the quarter. Great Lakes Advisors LLC’s holdings in Travelers Companies were worth $5,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp boosted its holdings in shares of Travelers Companies by 0.5% in the 4th quarter. State Street Corp now owns 17,289,745 shares of the insurance provider’s stock worth $2,704,635,000 after acquiring an additional 86,596 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Travelers Companies by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 4,233,724 shares of the insurance provider’s stock worth $660,678,000 after acquiring an additional 86,442 shares in the last quarter. Norges Bank acquired a new position in shares of Travelers Companies in the 4th quarter worth approximately $224,986,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Travelers Companies by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,379,941 shares of the insurance provider’s stock worth $215,865,000 after acquiring an additional 28,093 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Travelers Companies by 56.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,135,421 shares of the insurance provider’s stock worth $177,614,000 after buying an additional 408,488 shares in the last quarter. 83.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TRV has been the topic of several research reports. Morgan Stanley reduced their price objective on Travelers Companies from $184.00 to $181.00 and set an “equal weight” rating on the stock in a report on Monday, May 23rd. Barclays reduced their price objective on Travelers Companies from $184.00 to $177.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Wells Fargo & Company upped their price objective on Travelers Companies from $172.00 to $180.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 12th. UBS Group reduced their price objective on Travelers Companies from $184.00 to $169.00 and set a “neutral” rating on the stock in a report on Monday, July 25th. Finally, Royal Bank of Canada reduced their price objective on Travelers Companies from $183.00 to $165.00 in a report on Friday, July 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $175.00.

Travelers Companies Price Performance

TRV opened at $158.96 on Friday. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12 month low of $145.40 and a 12 month high of $187.98. The company has a fifty day simple moving average of $165.17 and a 200 day simple moving average of $171.46. The stock has a market cap of $37.72 billion, a P/E ratio of 11.03, a P/E/G ratio of 2.89 and a beta of 0.62.

Travelers Companies (NYSE:TRVGet Rating) last released its quarterly earnings data on Thursday, July 21st. The insurance provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. Travelers Companies had a net margin of 9.97% and a return on equity of 13.64%. The business had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the prior year, the company earned $3.45 EPS. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that The Travelers Companies, Inc. will post 13.61 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 9th will be given a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date is Thursday, September 8th. Travelers Companies’s dividend payout ratio is currently 25.82%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $172.78, for a total transaction of $1,727,800.00. Following the completion of the transaction, the executive vice president now owns 9,107 shares in the company, valued at approximately $1,573,507.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $172.78, for a total transaction of $1,727,800.00. Following the completion of the transaction, the executive vice president now owns 9,107 shares in the company, valued at approximately $1,573,507.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Vice Chairman William H. Heyman sold 5,500 shares of the stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $176.68, for a total value of $971,740.00. Following the transaction, the insider now owns 251,605 shares of the company’s stock, valued at approximately $44,453,571.40. The disclosure for this sale can be found here. 1.07% of the stock is owned by corporate insiders.

Travelers Companies Profile

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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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