First Pacific Financial Acquires 15,623 Shares of The Travelers Companies, Inc. $TRV

Key Points

• First Pacific Financial significantly increased its holdings in The Travelers Companies, acquiring an additional 15,623 shares, bringing its total to 15,668 shares worth approximately $4.19 million.
• The Travelers Companies reported earnings of $6.51 per share, exceeding expectations, with revenues reaching $11.54 billion for the most recent quarter.
• The company declared a quarterly dividend of $1.10, translating to an annualized payment of $4.40, with a current dividend yield of 1.6%.

First Pacific Financial boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 34,717.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,668 shares of the insurance provider's stock after purchasing an additional 15,623 shares during the period. Travelers Companies comprises about 0.6% of First Pacific Financial's investment portfolio, making the stock its 25th biggest position. First Pacific Financial's holdings in Travelers Companies were worth $4,192,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in TRV. Brighton Jones LLC lifted its holdings in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new position in Travelers Companies during the 4th quarter valued at about $276,000. Wellington Management Group LLP lifted its holdings in Travelers Companies by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 17,929 shares of the insurance provider's stock valued at $4,319,000 after purchasing an additional 2,456 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Travelers Companies by 69.4% during the 1st quarter. Versant Capital Management Inc now owns 427 shares of the insurance provider's stock valued at $113,000 after purchasing an additional 175 shares during the last quarter. Finally, NBC Securities Inc. lifted its holdings in Travelers Companies by 99,866.7% during the 1st quarter. NBC Securities Inc. now owns 2,999 shares of the insurance provider's stock valued at $793,000 after purchasing an additional 2,996 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Price Performance

Shares of TRV opened at $279.12 on Wednesday. The firm has a market capitalization of $62.84 billion, a PE ratio of 12.34, a PEG ratio of 3.18 and a beta of 0.53. The company's 50-day moving average is $270.51 and its 200-day moving average is $265.10. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $280.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

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 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 company's revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.51 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were paid a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio is 19.46%.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction that occurred 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 SEC, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on TRV shares. Keefe, Bruyette & Woods boosted their target price 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. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Barclays downgraded shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $280.00 to $274.00 in a research note on Monday, July 7th. Wolfe Research assumed coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a "peer perform" rating for the company. Finally, Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $284.56.

About Travelers Companies

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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