Focus Partners Wealth Buys 1,522 Shares of The Travelers Companies, Inc. $TRV

Focus Partners Wealth grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 9.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,836 shares of the insurance provider’s stock after acquiring an additional 1,522 shares during the quarter. Focus Partners Wealth’s holdings in Travelers Companies were worth $4,717,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. PFG Advisors lifted its holdings in shares of Travelers Companies by 108.8% in the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock worth $1,125,000 after acquiring an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. boosted its holdings in shares of Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock worth $16,120,000 after buying an additional 1,772 shares in the last quarter. Portside Wealth Group LLC bought a new position in shares of Travelers Companies during the 1st quarter worth approximately $208,000. Atlas Capital Advisors Inc. boosted its holdings in shares of Travelers Companies by 890.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock worth $1,205,000 after buying an additional 4,098 shares in the last quarter. Finally, Concurrent Investment Advisors LLC boosted its holdings in shares of Travelers Companies by 47.3% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock worth $1,403,000 after buying an additional 1,703 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the sale, 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. 1.46% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRV. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley set a $269.00 target price on Travelers Companies and gave the company an “equal weight” rating in a research report on Monday, May 19th. Keefe, Bruyette & Woods lifted their price objective on Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a report on Friday, July 18th. Wells Fargo & Company raised their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Barclays downgraded Travelers Companies from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus target price of $284.56.

Travelers Companies Price Performance

TRV opened at $278.83 on Monday. 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 Travelers Companies, Inc. has a 52-week low of $224.62 and a 52-week high of $280.70. The stock has a market capitalization of $62.77 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53. The stock’s 50 day moving average price is $266.13 and its 200-day moving average price is $263.54.

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

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $1.10 dividend. 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 is presently 19.46%.

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.