The Travelers Companies, Inc. (NYSE:TRV) Shares Purchased by Old Port Advisors

Old Port Advisors boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,301 shares of the insurance provider’s stock after acquiring an additional 65 shares during the period. Old Port Advisors’ holdings in Travelers Companies were worth $299,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Northwest Financial Advisors purchased a new stake in Travelers Companies during the 4th quarter worth about $32,000. Pathway Financial Advisers LLC purchased a new position in Travelers Companies in the first quarter valued at approximately $35,000. Beacon Capital Management LLC raised its holdings in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares in the last quarter. Private Wealth Management Group LLC purchased a new stake in shares of Travelers Companies during the 4th quarter worth approximately $39,000. Finally, OLD Second National Bank of Aurora acquired a new position in shares of Travelers Companies in the 4th quarter valued at $41,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 1.2 %

Shares of NYSE:TRV traded up $2.48 during trading on Friday, reaching $214.53. The stock had a trading volume of 1,852,389 shares, compared to its average volume of 1,288,026. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The stock has a market cap of $48.90 billion, a P/E ratio of 15.94, a PEG ratio of 1.10 and a beta of 0.61. The business has a fifty day moving average price of $209.75 and a 200-day moving average price of $215.11. The Travelers Companies, Inc. has a fifty-two week low of $157.33 and a fifty-two week high of $232.75.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.96%. Travelers Companies’s payout ratio is currently 31.20%.

Insider Buying and Selling

In related news, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on TRV shares. The Goldman Sachs Group upped their price objective on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods lowered their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. UBS Group decreased their price target on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Finally, Bank of America increased their target price on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an “underperform” rating in a research note on Monday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $221.11.

Travelers Companies 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.