PFG Advisors Purchases 2,217 Shares of The Travelers Companies, Inc. (NYSE:TRV)

PFG Advisors grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 108.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,255 shares of the insurance provider's stock after acquiring an additional 2,217 shares during the quarter. PFG Advisors' holdings in Travelers Companies were worth $1,125,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Forum Financial Management LP lifted its holdings in Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock worth $1,171,000 after purchasing an additional 39 shares during the period. Smith Salley Wealth Management lifted its holdings in Travelers Companies by 0.6% in the first quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after purchasing an additional 44 shares during the period. Windsor Capital Management LLC lifted its holdings in Travelers Companies by 3.7% in the first quarter. Windsor Capital Management LLC now owns 1,351 shares of the insurance provider's stock worth $357,000 after purchasing an additional 48 shares during the period. JT Stratford LLC lifted its holdings in Travelers Companies by 0.8% in the fourth quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock worth $1,456,000 after purchasing an additional 49 shares during the period. Finally, Trifecta Capital Advisors LLC lifted its holdings in Travelers Companies by 13.4% in the first quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock worth $112,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, insider Avrohom J. Kess sold 23,434 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the completion of the sale, the insider owned 48,387 shares of the company's stock, valued at $13,254,650.91. This represents a 32.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Olivo sold 36,199 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the sale, the executive vice president directly owned 118,116 shares of the company's stock, valued at $32,387,407.20. The trade was a 23.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 175,374 shares of company stock valued at $47,929,912. Insiders own 1.46% of the company's stock.

Travelers Companies Stock Down 0.3%

Shares of NYSE TRV traded down $0.88 during trading hours on Friday, hitting $261.11. The stock had a trading volume of 1,194,156 shares, compared to its average volume of 1,353,051. The company has a market capitalization of $58.79 billion, a P/E ratio of 11.55, a P/E/G ratio of 3.14 and a beta of 0.51. The firm's 50-day moving average price is $265.71 and its two-hundred day moving average price is $256.87. The Travelers Companies, Inc. has a 52 week low of $206.43 and a 52 week high of $277.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating the consensus estimate of $3.52 by $2.99. The business 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 quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.51 EPS. Analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal 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. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.69%. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

Analysts Set New Price Targets

TRV has been the subject of several research analyst reports. UBS Group upped 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. Wall Street Zen upgraded shares of Travelers Companies from a "hold" rating to a "buy" rating in a research report on Friday, July 18th. Citigroup reiterated a "market perform" rating on shares of Travelers Companies in a research report on Monday. Evercore ISI boosted their price target on shares of Travelers Companies from $288.00 to $296.00 and gave the stock an "outperform" rating in a research report on Thursday, April 17th. Finally, Barclays cut 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 report on Monday, July 7th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Travelers Companies has an average rating of "Hold" and an average price target of $275.56.

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.