Fairscale Capital LLC Purchases New Shares in The Travelers Companies, Inc. (NYSE:TRV)

Fairscale Capital LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, Holdings Channel.com reports. The firm acquired 679 shares of the insurance provider’s stock, valued at approximately $148,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. lifted its stake in shares of Travelers Companies by 4.2% in the second quarter. Epoch Investment Partners Inc. now owns 204,633 shares of the insurance provider’s stock worth $41,610,000 after acquiring an additional 8,340 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in shares of Travelers Companies by 11.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,452 shares of the insurance provider’s stock valued at $2,735,000 after buying an additional 1,342 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Travelers Companies by 34,700.0% during the second quarter. Frank Rimerman Advisors LLC now owns 3,132 shares of the insurance provider’s stock worth $637,000 after buying an additional 3,123 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Travelers Companies by 9.3% in the second quarter. ProShare Advisors LLC now owns 156,521 shares of the insurance provider’s stock worth $31,827,000 after buying an additional 13,345 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in Travelers Companies by 39.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 15,648 shares of the insurance provider’s stock valued at $3,182,000 after acquiring an additional 4,466 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The stock was 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 owns 22,798 shares in the company, valued at $4,820,409.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 0.4 %

Travelers Companies stock opened at $238.53 on Friday. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48. The stock has a market cap of $54.62 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.26 and a beta of 0.62. The company’s 50-day moving average price is $221.42 and its two-hundred day moving average price is $217.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. During the same quarter last year, the firm posted $0.06 earnings per share. Travelers Companies’s revenue was up 11.7% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRV. TD Cowen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating and cut their target price for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Morgan Stanley reduced their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Bank of America lifted their target price on Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research report on Monday, July 22nd. Royal Bank of Canada reissued a “sector perform” rating and set a $225.00 target price on shares of Travelers Companies in a report on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target 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. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $227.05.

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.