The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Saxon Interests Inc.

Saxon Interests Inc. boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,215 shares of the insurance provider’s stock after purchasing an additional 142 shares during the period. Saxon Interests Inc.’s holdings in Travelers Companies were worth $558,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordwand Advisors LLC acquired a new position in Travelers Companies in the first quarter valued at approximately $26,000. FWL Investment Management LLC acquired a new position in Travelers Companies during the 4th quarter valued at about $28,000. FNY Investment Advisers LLC bought a new position in Travelers Companies in the 1st quarter worth about $31,000. Quarry LP bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $31,000. Finally, AM Squared Ltd acquired a new position in shares of Travelers Companies during the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 81.12% of the company’s stock.

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 Monday, July 24th. The shares were sold at an average price of $175.05, for a total value of $1,750,500.00. Following the sale, the executive vice president now owns 14,080 shares in the company, valued at $2,464,704. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.29% of the company’s stock.

Travelers Companies Stock Down 0.2 %

TRV traded down $0.41 on Tuesday, reaching $166.44. 344,875 shares of the company traded hands, compared to its average volume of 1,332,400. The company has a market cap of $38.10 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.38 and a beta of 0.60. The Travelers Companies, Inc. has a 52-week low of $149.65 and a 52-week high of $194.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.33 and a quick ratio of 0.33. The stock’s 50 day moving average price is $166.43 and its 200-day moving average price is $172.00.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Thursday, July 20th. The insurance provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($1.99). Travelers Companies had a return on equity of 10.75% and a net margin of 5.77%. The company had revenue of $10.10 billion during the quarter, compared to analyst estimates of $9.97 billion. During the same period in the prior year, the firm earned $2.57 EPS. Travelers Companies’s quarterly revenue was up 10.5% on a year-over-year basis. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 12.01 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be paid a dividend of $1.00 per share. The ex-dividend date is Thursday, September 7th. This represents a $4.00 annualized dividend and a yield of 2.40%. Travelers Companies’s payout ratio is 42.60%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TRV. JPMorgan Chase & Co. lifted their price objective on shares of Travelers Companies from $185.00 to $194.00 in a research note on Thursday, July 6th. StockNews.com started coverage on shares of Travelers Companies in a report on Thursday, August 17th. They issued a “hold” rating for the company. Jefferies Financial Group dropped their target price on Travelers Companies from $183.00 to $180.00 and set a “hold” rating on the stock in a report on Tuesday, July 25th. Citigroup lifted their price target on Travelers Companies from $188.00 to $191.00 and gave the company a “neutral” rating in a research report on Monday, July 24th. Finally, Wells Fargo & Company upped their price objective on Travelers Companies from $183.00 to $185.00 in a report on Thursday, July 20th. Eight equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $196.08.

About Travelers Companies

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. It operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.