Balboa Wealth Partners Purchases Shares of 1,607 The Travelers Companies, Inc. $TRV

Key Points

• Balboa Wealth Partners acquired a stake of 1,607 shares in The Travelers Companies, Inc., valued at approximately $430,000, during the second quarter.
• Recent analysts' reports indicate a consensus rating of "Hold" on Travelers Companies' stock, with a price target of $291.31.
• The company announced a quarterly dividend of $1.10 per share, with an annualized yield of 1.7% to be paid out on December 31st.

Balboa Wealth Partners acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,607 shares of the insurance provider's stock, valued at approximately $430,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFG Advisors raised its position in shares of Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock valued at $1,125,000 after buying an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. raised its position in shares of Travelers Companies by 3.0% during the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock valued at $16,120,000 after buying an additional 1,772 shares during the last quarter. Atlas Capital Advisors Inc. raised its position in shares of Travelers Companies by 890.9% during the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock valued at $1,205,000 after buying an additional 4,098 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Travelers Companies by 47.3% during the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock valued at $1,403,000 after buying an additional 1,703 shares during the last quarter. Finally, Alpha Cubed Investments LLC raised its position in shares of Travelers Companies by 200.2% during the first quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider's stock valued at $870,000 after buying an additional 2,194 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TRV shares. Wolfe Research started coverage on shares of Travelers Companies in a research report on Monday, September 15th. They issued a "peer perform" rating on the stock. Barclays set a $313.00 price target on shares of Travelers Companies in a research report on Wednesday, October 8th. Weiss Ratings restated a "buy (b)" rating on shares of Travelers Companies in a research report on Tuesday, October 14th. The Goldman Sachs Group restated a "buy" rating on shares of Travelers Companies in a research report on Friday. Finally, Wells Fargo & Company restated a "positive" rating on shares of Travelers Companies in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $291.31.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business'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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.46% of the stock is owned by company insiders.

Travelers Companies Trading Up 1.1%

TRV stock opened at $265.02 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. The stock has a market capitalization of $59.12 billion, a price-to-earnings ratio of 10.42, a price-to-earnings-growth ratio of 2.51 and a beta of 0.51. The firm's fifty day simple moving average is $273.95 and its two-hundred day simple moving average is $266.49.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts' consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business had revenue of $11.47 billion for the quarter, compared to analysts' expectations of $11.15 billion. During the same quarter in the previous year, the business posted $5.24 earnings per share. The business's revenue was up 4.8% compared to the same quarter last year. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.7%. Travelers Companies's payout ratio is 17.30%.

Travelers Companies Company 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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