GHP Investment Advisors Inc. Increases Stake in Travelers Companies Inc (NYSE:TRV)

GHP Investment Advisors Inc. boosted its stake in Travelers Companies Inc (NYSE:TRV) by 0.3% during the second quarter, Holdings Channel.com reports. The firm owned 36,205 shares of the insurance provider’s stock after buying an additional 121 shares during the period. GHP Investment Advisors Inc.’s holdings in Travelers Companies were worth $5,413,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Advantage Investment Management LLC bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $25,000. Next Capital Management LLC bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $25,000. Interactive Financial Advisors bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $27,000. Princeton Global Asset Management LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $27,000. Finally, Buffington Mohr McNeal bought a new stake in shares of Travelers Companies in the 1st quarter worth approximately $28,000. 80.72% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies stock traded up $1.22 during mid-day trading on Friday, reaching $146.81. 1,509,900 shares of the stock traded hands, compared to its average volume of 1,359,366. The stock has a market capitalization of $37.36 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 1.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.38 and a quick ratio of 0.38. Travelers Companies Inc has a 12-month low of $111.08 and a 12-month high of $155.09. The business’s 50-day moving average is $150.00 and its 200-day moving average is $141.67.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Tuesday, July 23rd. The insurance provider reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by ($0.30). The firm had revenue of $6.99 billion for the quarter, compared to analysts’ expectations of $7.03 billion. Travelers Companies had a net margin of 8.65% and a return on equity of 10.73%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.81 EPS. Equities analysts anticipate that Travelers Companies Inc will post 10.63 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Monday, September 9th. Travelers Companies’s dividend payout ratio (DPR) is presently 36.69%.

TRV has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods lowered Travelers Companies from an “outperform” rating to a “market perform” rating and set a $153.00 price objective on the stock. in a research report on Wednesday, June 5th. ValuEngine lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. MKM Partners lifted their price objective on Travelers Companies to $140.00 and gave the stock a “neutral” rating in a research report on Monday, April 22nd. Barclays set a $177.00 price objective on Travelers Companies and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Morgan Stanley dropped their price target on Travelers Companies from $140.00 to $136.00 and set an “underweight” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $148.78.

In other Travelers Companies news, Vice Chairman William H. Heyman sold 5,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $150.75, for a total value of $753,750.00. Following the completion of the sale, the insider now owns 244,745 shares in the company, valued at $36,895,308.75. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Vice Chairman William H. Heyman sold 7,500 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $149.50, for a total value of $1,121,250.00. Following the completion of the sale, the insider now owns 242,245 shares of the company’s stock, valued at approximately $36,215,627.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,944 shares of company stock valued at $3,415,378. 0.73% of the stock is owned by company insiders.

Travelers Companies Company Profile

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.

See Also: How to read a candlestick chart

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Travelers Companies Inc (NYSE:TRV).

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

Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.