Accurate Wealth Management LLC Takes $299,000 Position in The Travelers Companies, Inc. $TRV

Key Points

• Accurate Wealth Management LLC acquired a new position in The Travelers Companies, purchasing 1,166 shares valued at approximately $299,000 in the 2nd quarter.
• Travelers Companies reported $6.51 earnings per share for the last quarter, significantly exceeding analysts' expectations of $3.52, with a revenue of $11.54 billion.
• The company declared a quarterly dividend of $1.10 per share, which will be distributed on September 30th, reflecting an annual yield of 1.6%.

Accurate Wealth Management LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,166 shares of the insurance provider's stock, valued at approximately $299,000.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after acquiring an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Travelers Companies in the 4th quarter valued at $276,000. Ameriflex Group Inc. purchased a new position in Travelers Companies in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $49,000. Finally, Wood Tarver Financial Group LLC purchased a new position in Travelers Companies in the fourth quarter worth approximately $33,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TRV shares. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research note on Wednesday, August 13th. UBS Group lifted their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a "neutral" rating in a research note on Monday, July 21st. Wolfe Research assumed coverage on shares of Travelers Companies in a research note on Monday, September 15th. They set a "peer perform" rating on the stock. Citigroup began coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price objective on the stock. Finally, Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $284.56.

Travelers Companies Stock Down 0.9%

Shares of NYSE TRV opened at $274.24 on Friday. The business has a 50-day moving average price of $269.76 and a 200 day moving average price of $264.58. The stock has a market cap of $61.74 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 3.18 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 52-week low of $224.62 and a 52-week high of $280.70.

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

Travelers Companies Dividend Announcement

The firm 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 dividend of $1.10 per share. The ex-dividend date is Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies's dividend payout ratio is currently 19.46%.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's 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 sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies 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 completion of the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents 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.

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