Retirement Planning Co of New England Inc. Buys New Position in The Travelers Companies, Inc. $TRV

Key Points

• Retirement Planning Co of New England Inc. acquired 1,146 shares of The Travelers Companies, Inc. (NYSE:TRV) valued at approximately $303,000 during the first quarter.
• The Travelers Companies recently reported an EPS of $6.51 for the quarter, significantly exceeding the consensus estimate of $3.52, with a revenue of $11.54 billion.
• The company declared a quarterly dividend of $1.10, with an annualized yield of 1.6%, set to be paid on September 30th to shareholders of record.

Retirement Planning Co of New England Inc. acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,146 shares of the insurance provider's stock, valued at approximately $303,000.

Several other hedge funds have also bought and sold shares of TRV. Cornerstone Planning Group LLC boosted its stake 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 acquiring an additional 84 shares in the last quarter. Putney Financial Group LLC bought a new stake in Travelers Companies during the fourth quarter worth about $26,000. Ameriflex Group Inc. bought a new stake in Travelers Companies during the fourth quarter worth about $26,000. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the first quarter worth about $26,000. Finally, Wood Tarver Financial Group LLC bought a new stake in Travelers Companies during the fourth quarter worth about $33,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV traded up $2.65 during mid-day trading on Wednesday, hitting $276.00. 1,115,625 shares of the company traded hands, compared to its average volume of 1,117,857. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a 50-day moving average price of $264.37 and a two-hundred day moving average price of $261.77. The Travelers Companies, Inc. has a 1 year low of $224.62 and a 1 year high of $279.04. The stock has a market cap of $62.14 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 3.12 and a beta of 0.53.

Travelers Companies (NYSE:TRV - Get Free Report) last released 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. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion during the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the previous year, the company earned $2.51 earnings per share. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies's payout ratio is presently 19.46%.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wells Fargo & Company boosted their price objective 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. Citigroup began coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price for the company. Wall Street Zen cut shares of Travelers Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group lifted their target price 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. Finally, Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $280.00 to $274.00 in a report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $284.56.

Insider Activity at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business'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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business'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 transaction, the executive vice president directly owned 18,416 shares of the company's stock, valued at $4,900,865.92. The trade was a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

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.