Castlefield Investment Partners LLP Makes New Investment in The Travelers Companies, Inc. $TRV

Castlefield Investment Partners LLP acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,250 shares of the insurance provider’s stock, valued at approximately $3,583,000. Travelers Companies accounts for about 2.4% of Castlefield Investment Partners LLP’s holdings, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Travelers Companies during the fourth quarter valued at approximately $24,167,000. Rit Capital Partners PLC bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $39,450,000. UBS Group AG grew its stake in shares of Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after buying an additional 89,159 shares during the last quarter. OMERS ADMINISTRATION Corp grew its stake in shares of Travelers Companies by 34.6% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 13,006 shares of the insurance provider’s stock worth $3,794,000 after buying an additional 3,342 shares during the last quarter. Finally, Swiss Life Asset Management Ltd increased its position in Travelers Companies by 41.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after buying an additional 19,347 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane Kurtzman sold 4,164 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last ninety days. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

NYSE TRV opened at $363.83 on Monday. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The stock has a 50-day moving average of $352.28 and a 200 day moving average of $318.35. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $75.89 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter last year, the firm posted $6.51 EPS. The business’s quarterly revenue was up .3% compared to the same quarter last year. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Analysts Set New Price Targets

A number of research analysts have issued reports on TRV shares. Raymond James Financial set a $430.00 price objective on Travelers Companies in a research note on Monday, July 20th. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target for the company. in a report on Monday, July 13th. HSBC lifted their price target on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Weiss Ratings upgraded shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.