Fox Run Management L.L.C. Invests $238,000 in Travelers Companies Inc (TRV) Stock

Fox Run Management L.L.C. purchased a new stake in shares of Travelers Companies Inc (NYSE:TRV) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,948 shares of the insurance provider’s stock, valued at approximately $238,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Smithfield Trust Co. lifted its position in shares of Travelers Companies by 52.9% during the second quarter. Smithfield Trust Co. now owns 3,368 shares of the insurance provider’s stock valued at $412,000 after buying an additional 1,165 shares during the last quarter. Welch & Forbes LLC purchased a new stake in shares of Travelers Companies during the second quarter valued at about $305,000. Bank of Montreal Can purchased a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $60,659,000. Atria Investments LLC raised its position in shares of Travelers Companies by 3.1% in the 2nd quarter. Atria Investments LLC now owns 26,983 shares of the insurance provider’s stock valued at $3,301,000 after purchasing an additional 814 shares during the last quarter. Finally, Legacy Private Trust Co. purchased a new position in shares of Travelers Companies in the 2nd quarter valued at approximately $1,704,000. 79.42% of the stock is owned by institutional investors and hedge funds.

In other news, Vice Chairman Jay S. Benet sold 6,854 shares of the firm’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $132.00, for a total transaction of $904,728.00. Following the sale, the insider now owns 92,154 shares of the company’s stock, valued at approximately $12,164,328. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by company insiders.

Several equities analysts recently commented on TRV shares. Citigroup decreased their price objective on shares of Travelers Companies from $159.00 to $155.00 and set a “buy” rating for the company in a research report on Tuesday, May 1st. Argus decreased their price objective on shares of Travelers Companies from $163.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, April 26th. TheStreet lowered shares of Travelers Companies from a “b” rating to a “c+” rating in a research report on Thursday, July 19th. Barclays reduced their price target on shares of Travelers Companies from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, July 9th. Finally, Wells Fargo & Co reissued a “hold” rating and set a $142.00 price target on shares of Travelers Companies in a research report on Thursday, May 24th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $137.81.

Shares of Travelers Companies opened at $128.87 on Friday, according to MarketBeat.com. The company has a market cap of $34.59 billion, a PE ratio of 17.70, a PEG ratio of 1.02 and a beta of 1.28. Travelers Companies Inc has a 12 month low of $113.76 and a 12 month high of $150.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.38 and a current ratio of 0.38.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Thursday, July 19th. The insurance provider reported $1.81 EPS for the quarter, missing analysts’ consensus estimates of $2.43 by ($0.62). The firm had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.35 billion. Travelers Companies had a return on equity of 8.84% and a net margin of 6.89%. analysts forecast that Travelers Companies Inc will post 9.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Monday, September 10th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, September 7th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.39%. Travelers Companies’s payout ratio is 42.31%.

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.

Read More: Book Value Per Share – BVPS

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

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