Geneos Wealth Management Inc. Boosts Stake in The Travelers Companies, Inc. $TRV

Geneos Wealth Management Inc. grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 7.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,181 shares of the insurance provider’s stock after buying an additional 223 shares during the period. Geneos Wealth Management Inc.’s holdings in Travelers Companies were worth $841,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC raised its holdings in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after buying an additional 84 shares during the last quarter. Putney Financial Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Travelers Companies in the first quarter worth $26,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Travelers Companies in the first quarter worth $32,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.2%

TRV stock opened at $278.83 on Friday. The firm has a market cap of $62.77 billion, a PE ratio of 12.33, a P/E/G ratio of 3.21 and a beta of 0.53. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s fifty day moving average is $266.13 and its 200 day moving average is $263.48. The Travelers Companies, Inc. has a one year low of $224.62 and a one year high of $280.70.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the business earned $2.51 earnings per share. On average, research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 19.46%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an “equal weight” rating in a research note on Monday, May 19th. Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective on the stock. Finally, Wall Street Zen lowered shares of Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $284.56.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.46% of the company’s stock.

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.