Paragon Capital Management Inc. Invests $1.63 Million in The Travelers Companies, Inc. (NYSE:TRV)

Paragon Capital Management Inc. acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,746 shares of the insurance provider’s stock, valued at approximately $1,625,000. Travelers Companies accounts for 1.3% of Paragon Capital Management Inc.’s investment portfolio, making the stock its 24th biggest holding.

Other large investors also recently modified their holdings of the company. Czech National Bank raised its holdings in shares of Travelers Companies by 6.4% during the 3rd quarter. Czech National Bank now owns 46,431 shares of the insurance provider’s stock valued at $10,870,000 after buying an additional 2,795 shares during the period. GAMMA Investing LLC raised its holdings in shares of Travelers Companies by 27.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,258 shares of the insurance provider’s stock valued at $1,465,000 after buying an additional 1,332 shares during the period. Miracle Mile Advisors LLC raised its holdings in shares of Travelers Companies by 1.1% during the 3rd quarter. Miracle Mile Advisors LLC now owns 16,918 shares of the insurance provider’s stock valued at $3,961,000 after buying an additional 181 shares during the period. Bangor Savings Bank raised its holdings in shares of Travelers Companies by 56.3% during the 3rd quarter. Bangor Savings Bank now owns 300 shares of the insurance provider’s stock valued at $70,000 after buying an additional 108 shares during the period. Finally, Aprio Wealth Management LLC purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at about $228,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Maria Olivo sold 10,410 shares of Travelers Companies stock in a transaction on Monday, November 18th. The stock was sold at an average price of $261.80, for a total transaction of $2,725,338.00. Following the transaction, the executive vice president now owns 111,162 shares in the company, valued at approximately $29,102,211.60. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 3,740 shares of Travelers Companies stock in a transaction on Monday, November 25th. The shares were sold at an average price of $264.80, for a total value of $990,352.00. Following the transaction, the insider now owns 250,384 shares in the company, valued at $66,301,683.20. This represents a 1.47 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Down 0.1 %

TRV opened at $244.29 on Wednesday. The Travelers Companies, Inc. has a one year low of $200.21 and a one year high of $269.55. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.34 and a current ratio of 0.33. The stock’s fifty day moving average is $246.42 and its 200-day moving average is $238.89. The company has a market capitalization of $55.46 billion, a PE ratio of 11.38, a P/E/G ratio of 1.07 and a beta of 0.64.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, January 22nd. The insurance provider reported $9.15 EPS for the quarter, topping analysts’ consensus estimates of $6.50 by $2.65. The company had revenue of $12.01 billion for the quarter, compared to the consensus estimate of $10.80 billion. Travelers Companies had a return on equity of 19.06% and a net margin of 10.77%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $7.01 EPS. On average, equities analysts predict that The Travelers Companies, Inc. will post 20.6 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend is Monday, March 10th. Travelers Companies’s payout ratio is 19.56%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TRV shares. StockNews.com downgraded Travelers Companies from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. HSBC upgraded Travelers Companies from a “hold” rating to a “buy” rating and set a $290.00 price objective for the company in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods raised their price objective on Travelers Companies from $268.00 to $275.00 and gave the company a “market perform” rating in a research note on Monday, January 27th. Hsbc Global Res upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Janney Montgomery Scott lowered Travelers Companies from a “buy” rating to a “neutral” rating and set a $280.00 price objective for the company. in a research note on Thursday, November 21st. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $260.47.

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.