Foundations Investment Advisors LLC Acquires New Position in The Travelers Companies, Inc. (NYSE:TRV)

Foundations Investment Advisors LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRVGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,186 shares of the insurance provider’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRV. US Asset Management LLC acquired a new position in Travelers Companies in the first quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Travelers Companies in the first quarter valued at approximately $32,000. Addison Advisors LLC boosted its stake in Travelers Companies by 293.5% in the first quarter. Addison Advisors LLC now owns 181 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 135 shares during the period. Kings Point Capital Management boosted its stake in Travelers Companies by 60.7% in the first quarter. Kings Point Capital Management now owns 180 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 68 shares during the period. Finally, Dividend Assets Capital LLC acquired a new position in Travelers Companies in the fourth quarter valued at approximately $35,000. 82.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TRV shares. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Morgan Stanley reduced their price objective on Travelers Companies from $181.00 to $175.00 and set an “equal weight” rating for the company in a research report on Friday, August 19th. Wolfe Research reiterated a “peer perform” rating on shares of Travelers Companies in a research report on Thursday, June 23rd. Royal Bank of Canada reduced their price objective on Travelers Companies from $183.00 to $165.00 in a research report on Friday, July 22nd. Finally, Barclays reduced their price objective on Travelers Companies from $184.00 to $177.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $174.60.

Insider Transactions at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 2,945 shares of the company’s stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $168.33, for a total value of $495,731.85. Following the completion of the sale, the executive vice president now directly owns 1,020 shares in the company, valued at $171,696.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.07% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

NYSE TRV opened at $162.33 on Monday. The stock has a market capitalization of $38.52 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.97 and a beta of 0.61. The Travelers Companies, Inc. has a 1 year low of $145.40 and a 1 year high of $187.98. The business’s fifty day moving average is $163.26 and its two-hundred day moving average is $170.77. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34.

Travelers Companies (NYSE:TRVGet Rating) last posted its quarterly earnings results on Thursday, July 21st. The insurance provider reported $2.57 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $8.29 billion. During the same period in the prior year, the business posted $3.45 earnings per share. Travelers Companies’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, research analysts forecast that The Travelers Companies, Inc. will post 13.61 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a $0.93 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, September 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 25.82%.

Travelers Companies Company 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.

See Also

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

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