Ballentine Partners LLC Acquires 230 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Ballentine Partners LLC raised its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.3% in the second quarter, HoldingsChannel reports. The firm owned 4,576 shares of the insurance provider’s stock after buying an additional 230 shares during the quarter. Ballentine Partners LLC’s holdings in Travelers Companies were worth $930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Travelers Companies by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 11,743,236 shares of the insurance provider’s stock valued at $2,702,588,000 after purchasing an additional 3,158,979 shares during the period. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $282,593,000. Acadian Asset Management LLC increased its position in shares of Travelers Companies by 356.4% during the second quarter. Acadian Asset Management LLC now owns 868,563 shares of the insurance provider’s stock valued at $176,589,000 after buying an additional 678,241 shares during the period. Zurich Insurance Group Ltd FI bought a new position in Travelers Companies in the first quarter worth about $88,190,000. Finally, Boston Partners lifted its holdings in Travelers Companies by 42.5% in the fourth quarter. Boston Partners now owns 1,192,008 shares of the insurance provider’s stock worth $227,175,000 after buying an additional 355,489 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of research analyst reports. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Morgan Stanley decreased their price objective on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. Bank of America boosted their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Citigroup lifted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Up 2.8 %

NYSE TRV opened at $241.10 on Tuesday. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $242.89. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $54.95 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 1.22 and a beta of 0.62. The stock’s 50-day moving average price is $215.54 and its 200-day moving average price is $216.41.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share 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 analysts’ expectations 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 for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. On average, equities research analysts predict that The Travelers Companies, Inc. will post 17.19 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.74%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.33% of the company’s stock.

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