Focus Partners Wealth Raises Position in The Travelers Companies, Inc. $TRV

Key Points

• Focus Partners Wealth increased its holdings in The Travelers Companies, Inc. by 9.3%, acquiring an additional 1,522 shares during the first quarter, bringing its total to 17,836 shares valued at approximately $4.7 million.
• Several institutional investors actively traded Travelers shares in Q1, with PFG Advisors notably increasing its stake by 108.8%, and institutional ownership now stands at 82.45%.
• The Travelers Companies recently declared a quarterly dividend of $1.10, translating to an annual yield of 1.6%, effective for investors of record as of September 10th.

Focus Partners Wealth boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 9.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,836 shares of the insurance provider's stock after purchasing an additional 1,522 shares during the quarter. Focus Partners Wealth's holdings in Travelers Companies were worth $4,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cornerstone Planning Group LLC raised its holdings in Travelers Companies by 700.0% during the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock worth $25,000 after buying an additional 84 shares during the last quarter. Putney Financial Group LLC purchased a new stake in Travelers Companies in the fourth quarter valued at approximately $26,000. Ameriflex Group Inc. purchased a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Travelers Companies in the first quarter worth $26,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at $32,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

Shares of NYSE:TRV traded down $4.23 during trading on Tuesday, reaching $272.07. The company had a trading volume of 2,474,976 shares, compared to its average volume of 1,077,455. The firm has a market capitalization of $61.25 billion, a price-to-earnings ratio of 12.03, a price-to-earnings-growth ratio of 3.17 and a beta of 0.53. 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's fifty day moving average price is $266.48 and its 200 day moving average price is $263.67. The Travelers Companies, Inc. has a fifty-two week low of $224.62 and a fifty-two week high of $280.70.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results 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. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the prior year, the company earned $2.51 earnings per share. Travelers Companies's revenue was up 7.4% compared to the same quarter last year. As a group, 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. Stockholders of record on Wednesday, September 10th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's payout ratio is 19.46%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Citigroup assumed coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 price target for the company. Wall Street Zen lowered Travelers Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group boosted their price target on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company lifted their target price on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $284.56.

Insiders Place Their Bets

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction on Monday, July 21st. The stock was 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. The trade was a 38.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

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.