Coastal Bridge Advisors LLC Purchases 164 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Coastal Bridge Advisors LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,119 shares of the insurance provider’s stock after acquiring an additional 164 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in The Travelers Companies were worth $317,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. BerganKDV Wealth Management LLC lifted its holdings in shares of The Travelers Companies by 4.8% during the second quarter. BerganKDV Wealth Management LLC now owns 21,663 shares of the insurance provider’s stock valued at $3,243,000 after purchasing an additional 984 shares during the last quarter. Dohj LLC lifted its holdings in shares of The Travelers Companies by 5.0% during the second quarter. Dohj LLC now owns 3,542 shares of the insurance provider’s stock valued at $530,000 after purchasing an additional 169 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of The Travelers Companies by 2.7% during the second quarter. Brighton Jones LLC now owns 3,201 shares of the insurance provider’s stock valued at $479,000 after purchasing an additional 83 shares during the last quarter. National Asset Management Inc. lifted its holdings in shares of The Travelers Companies by 20.5% during the second quarter. National Asset Management Inc. now owns 8,191 shares of the insurance provider’s stock valued at $1,227,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in The Travelers Companies by 13.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 42,960 shares of the insurance provider’s stock worth $6,431,000 after acquiring an additional 5,243 shares during the last quarter. Hedge funds and other institutional investors own 81.84% of the company’s stock.

A number of brokerages recently weighed in on TRV. William Blair restated an “outperform” rating on shares of The Travelers Companies in a report on Wednesday, July 21st. Wolfe Research initiated coverage on shares of The Travelers Companies in a research report on Monday, August 16th. They set an “outperform” rating and a $180.00 price objective for the company. Bank of America downgraded shares of The Travelers Companies from a “buy” rating to an “underperform” rating and dropped their target price for the stock from $171.00 to $161.00 in a report on Thursday, July 22nd. Morgan Stanley boosted their price target on shares of The Travelers Companies from $166.00 to $168.00 and gave the stock an “equal weight” rating in a research note on Monday, August 16th. Finally, boosted their price target on shares of The Travelers Companies from $155.00 to $160.00 and gave the stock a “neutral” rating in a research note on Monday, June 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, The Travelers Companies has a consensus rating of “Hold” and a consensus price target of $161.69.

In related news, EVP Michael Frederick Klein sold 12,000 shares of the business’s stock in a transaction dated Monday, July 26th. The shares were sold at an average price of $149.22, for a total transaction of $1,790,640.00. Following the transaction, the executive vice president now directly owns 16,275 shares in the company, valued at $2,428,555.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.92% of the stock is owned by company insiders.

Shares of NYSE TRV traded up $1.28 during trading on Wednesday, hitting $157.63. The company had a trading volume of 22,537 shares, compared to its average volume of 1,231,312. The stock has a fifty day simple moving average of $155.06 and a two-hundred day simple moving average of $154.63. The Travelers Companies, Inc. has a fifty-two week low of $105.67 and a fifty-two week high of $163.29. The firm has a market capitalization of $39.33 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 2.03 and a beta of 0.76. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.25.

The Travelers Companies (NYSE:TRV) last announced its earnings results on Monday, July 19th. The insurance provider reported $3.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.39 by $1.06. The Travelers Companies had a net margin of 11.30% and a return on equity of 12.71%. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the business earned ($0.20) earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. On average, analysts anticipate that The Travelers Companies, Inc. will post 12.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Friday, September 10th will be given a $0.88 dividend. The ex-dividend date is Thursday, September 9th. This represents a $3.52 annualized dividend and a dividend yield of 2.23%. The Travelers Companies’s dividend payout ratio (DPR) is 33.59%.

The Travelers Companies Company Profile

The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a broad array of property and casualty insurance, and insurance related services to its customers.

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

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