Gryphon Financial Partners LLC Buys 803 Shares of Travelers Companies Inc (TRV)

Gryphon Financial Partners LLC grew its stake in shares of Travelers Companies Inc (NYSE:TRV) by 48.1% during the third quarter, Holdings Channel reports. The institutional investor owned 2,474 shares of the insurance provider’s stock after purchasing an additional 803 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Travelers Companies were worth $321,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in TRV. Squar Milner Financial Services LLC bought a new position in shares of Travelers Companies during the second quarter valued at about $100,000. Landaas & Co. WI ADV bought a new stake in shares of Travelers Companies in the second quarter worth about $108,000. Acadian Asset Management LLC bought a new stake in shares of Travelers Companies in the second quarter worth about $112,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in shares of Travelers Companies in the second quarter worth about $129,000. Finally, ELM Advisors LLC bought a new stake in shares of Travelers Companies in the third quarter worth about $130,000. 79.33% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies stock opened at $131.03 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.29. The company has a market cap of $34.06 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 1.02 and a beta of 1.19. Travelers Companies Inc has a fifty-two week low of $119.67 and a fifty-two week high of $150.55.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, October 18th. The insurance provider reported $2.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.28. The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Travelers Companies had a return on equity of 10.86% and a net margin of 8.18%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. As a group, analysts forecast that Travelers Companies Inc will post 9.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Monday, December 10th will be given a dividend of $0.77 per share. The ex-dividend date of this dividend is Friday, December 7th. This represents a $3.08 annualized dividend and a yield of 2.35%. Travelers Companies’s payout ratio is 42.31%.

TRV has been the topic of several recent analyst reports. Sandler O’Neill reissued a “hold” rating and issued a $130.00 target price on shares of Travelers Companies in a research note on Friday, July 13th. ValuEngine raised Travelers Companies from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Wells Fargo & Co reissued a “hold” rating and issued a $142.00 target price on shares of Travelers Companies in a research note on Thursday, July 19th. TheStreet cut Travelers Companies from a “b” rating to a “c+” rating in a research note on Thursday, July 19th. Finally, MKM Partners cut their target price on Travelers Companies to $125.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $136.36.

In other Travelers Companies news, Vice Chairman Jay S. Benet sold 8,876 shares of Travelers Companies stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $132.00, for a total transaction of $1,171,632.00. Following the sale, the insider now directly owns 94,176 shares of the company’s stock, valued at approximately $12,431,232. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andy F. Bessette sold 8,892 shares of Travelers Companies stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $130.78, for a total value of $1,162,895.76. Following the sale, the executive vice president now directly owns 10,551 shares in the company, valued at $1,379,859.78. The disclosure for this sale can be found here. Insiders own 0.80% of the company’s stock.

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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.

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

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