SRS Capital Advisors Inc. Grows Stake in Travelers Companies Inc (TRV)

SRS Capital Advisors Inc. increased its stake in shares of Travelers Companies Inc (NYSE:TRV) by 2,420.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,125 shares of the insurance provider’s stock after buying an additional 3,001 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Travelers Companies were worth $405,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Moody Aldrich Partners LLC purchased a new position in Travelers Companies during the second quarter worth approximately $74,138,000. Squar Milner Financial Services LLC purchased a new position in Travelers Companies during the second quarter worth approximately $100,000. Landaas & Co. WI ADV purchased a new position in Travelers Companies during the second quarter worth approximately $108,000. Acadian Asset Management LLC purchased a new position in Travelers Companies during the second quarter worth approximately $112,000. Finally, ELM Advisors LLC purchased a new position in Travelers Companies during the third quarter worth approximately $130,000. Hedge funds and other institutional investors own 79.33% of the company’s stock.

In other news, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction on Friday, August 17th. The stock was sold at an average price of $130.78, for a total value of $1,162,895.76. Following the completion of the sale, the executive vice president now directly owns 10,551 shares of the company’s stock, valued at $1,379,859.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $132.00, for a total value of $1,171,632.00. Following the completion of the sale, the insider now directly owns 94,176 shares of the company’s stock, valued at $12,431,232. The disclosure for this sale can be found here. 0.80% of the stock is owned by company insiders.

TRV stock opened at $130.99 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.29. The firm has a market cap of $34.06 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 1.02 and a beta of 1.19. Travelers Companies Inc has a 52-week low of $119.67 and a 52-week high of $150.55.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 18th. The insurance provider reported $2.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.28. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $6.83 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 earnings per share. As a group, equities research analysts anticipate that Travelers Companies Inc will post 9.88 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 10th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, December 7th. This represents a $3.08 annualized dividend and a yield of 2.35%. Travelers Companies’s dividend payout ratio (DPR) is 42.31%.

TRV has been the topic of a number of analyst reports. Citigroup lifted their price objective on Travelers Companies from $144.00 to $149.00 and gave the stock a “buy” rating in a research report on Monday, July 30th. TheStreet upgraded Travelers Companies from a “c+” rating to a “b” rating in a research report on Thursday, August 30th. Credit Suisse Group initiated coverage on Travelers Companies in a research report on Tuesday, August 7th. They set a “neutral” rating and a $141.00 price objective on the stock. Zacks Investment Research upgraded Travelers Companies from a “sell” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, Sandler O’Neill reiterated a “hold” rating and set a $130.00 price objective on shares of Travelers Companies in a research report on Friday, July 13th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $136.36.

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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.

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

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