Perigon Wealth Management LLC Has $9.93 Million Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Perigon Wealth Management LLC increased its holdings in The Travelers Companies by 4.2%, now owning 37,112 shares valued at approximately $9.93 million.
• Recent changes in hedge fund positions indicate growing interest in Travelers Companies, with 82.45% of stock owned by institutional investors.
• The company reported strong quarterly earnings of $6.51 per share, surpassing analysts' expectations and reflecting a year-over-year revenue increase of 7.4%.

Perigon Wealth Management LLC boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,112 shares of the insurance provider's stock after purchasing an additional 1,500 shares during the quarter. Perigon Wealth Management LLC's holdings in Travelers Companies were worth $9,929,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its stake in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after buying an additional 84 shares in the last quarter. Ameriflex Group Inc. acquired a new position in shares of Travelers Companies in the 4th quarter valued at $26,000. Greykasell Wealth Strategies Inc. bought a new stake in shares of Travelers Companies in the 1st quarter worth about $26,000. Missouri Trust & Investment Co grew its holdings in shares of Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider's stock worth $27,000 after purchasing an additional 55 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth about $32,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $280.00 to $274.00 in a report on Monday, July 7th. Keefe, Bruyette & Woods upped their target price on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued a "peer perform" rating on the stock. Finally, UBS Group increased their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given 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, Travelers Companies has an average rating of "Hold" and an average price target of $284.56.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm's 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 filing 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 stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This trade 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 Stock Performance

Shares of NYSE:TRV opened at $276.54 on Thursday. The company has a market capitalization of $62.26 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 3.17 and a beta of 0.53. The firm's 50 day simple moving average is $269.52 and its 200 day simple moving average is $264.46. 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 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 announced its quarterly earnings results 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 business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. Travelers Companies's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the company posted $2.51 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.6%. The ex-dividend date is Wednesday, September 10th. Travelers Companies's dividend payout ratio (DPR) is 19.46%.

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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