42,067 Shares in The Travelers Companies, Inc. $TRV Acquired by Perigon Wealth Management LLC

Key Points

• Perigon Wealth Management acquired 42,067 shares of Travelers Companies in the second quarter, valued at approximately $13.9 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly earnings of $10.04 per share, significantly exceeding the $5.41 consensus estimate, while revenue reached $12.15 billion. Analysts’ consensus rating remains “Hold,” with an average price target of $354.26.
• The company declared a quarterly dividend of $1.25 per share, or $5.00 annualized, representing a 1.4% yield. Meanwhile, insiders sold 62,667 shares worth approximately $22.7 million over the past quarter.

Perigon Wealth Management LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 42,067 shares of the insurance provider's stock, valued at approximately $13,887,000.

Other institutional investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC raised its position in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new position in Travelers Companies in the first quarter valued at $26,000. LifeSteps Financial Inc. purchased a new stake in Travelers Companies during the second quarter valued at about $26,000. Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies during the fourth quarter worth about $26,000. Finally, Osterweis Capital Management Inc. increased its stake in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after acquiring an additional 91 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TRV. Roth Capital lifted their price objective on Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Bank of America raised their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the company an "underperform" rating in a report on Monday, July 20th. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $354.26.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares of the company's stock, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company's stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 over the last quarter. Insiders own 1.39% of the company's stock.

Travelers Companies Trading Down 1.6%

TRV opened at $364.50 on Tuesday. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $76.03 billion, a PE ratio of 9.76, a P/E/G ratio of 3.52 and a beta of 0.45. The firm's fifty day moving average price is $347.35 and its 200 day moving average price is $316.08.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. The company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company's revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.51 EPS. As a group, research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's payout ratio is currently 13.39%.

Travelers Companies Company Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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