Atomi Financial Group Inc. Raises Stake in The Travelers Companies, Inc. (NYSE:TRV)

Atomi Financial Group Inc. increased its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 25.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,442 shares of the insurance provider’s stock after buying an additional 495 shares during the period. Atomi Financial Group Inc.’s holdings in Travelers Companies were worth $572,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. GLOBALT Investments LLC GA bought a new stake in shares of Travelers Companies in the 4th quarter worth approximately $11,472,000. V Square Quantitative Management LLC lifted its position in shares of Travelers Companies by 88.7% during the 4th quarter. V Square Quantitative Management LLC now owns 5,946 shares of the insurance provider’s stock valued at $1,133,000 after buying an additional 2,795 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of Travelers Companies during the 4th quarter worth $222,000. Beacon Financial Group bought a new position in shares of Travelers Companies during the 4th quarter worth $1,602,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in Travelers Companies in the 4th quarter worth about $262,000. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays initiated coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 target price for the company. Morgan Stanley lowered their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, September 28th. Jefferies Financial Group boosted their price objective on Travelers Companies from $210.00 to $235.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $230.89.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.33% of the stock is currently owned by corporate insiders.

Travelers Companies Stock Performance

NYSE TRV opened at $233.20 on Friday. The company has a market capitalization of $53.15 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48. The company has a fifty day moving average of $226.94 and a 200-day moving average of $218.69.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.16 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 10th were given a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies’s payout ratio is presently 31.20%.

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.