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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PFG Advisors increased its stake in Travelers Companies by 108.8% during the first quarter. PFG Advisors now owns 4,255 shares of the insurance provider's stock worth $1,125,000 after purchasing an additional 2,217 shares during the period. Greatmark Investment Partners Inc. increased its stake in Travelers Companies by 3.0% during the first quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider's stock worth $16,120,000 after purchasing an additional 1,772 shares during the period. Portside Wealth Group LLC purchased a new stake in Travelers Companies during the first quarter worth about $208,000. Atlas Capital Advisors Inc. increased its stake in Travelers Companies by 890.9% during the first quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider's stock worth $1,205,000 after purchasing an additional 4,098 shares during the period. Finally, Concurrent Investment Advisors LLC increased its stake in Travelers Companies by 47.3% during the first quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider's stock worth $1,403,000 after purchasing an additional 1,703 shares during the period. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In other news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company'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 completion of the sale, the executive vice president owned 18,416 shares in the company, valued at $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was 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 currently owned by corporate insiders.

Travelers Companies Stock Performance

Shares of TRV stock traded down $4.06 during trading hours on Friday, hitting $275.37. The stock had a trading volume of 970,738 shares, compared to its average volume of 1,166,662. The firm has a market capitalization of $61.99 billion, a PE ratio of 12.18, a PEG ratio of 3.21 and a beta of 0.53. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $280.70. The stock's 50 day moving average is $264.94 and its 200 day moving average is $262.31. 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 posted 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 business had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The company's revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.51 earnings per share. As a group, research analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company 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 $1.10 dividend. 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 dividend payout ratio is presently 19.46%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Citigroup assumed coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They set a "neutral" rating and a $291.00 price target on the stock. Wall Street Zen downgraded Travelers Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group boosted their price objective on Travelers Companies from $275.00 to $284.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. Wells Fargo & Company boosted their price objective on Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Barclays downgraded Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price 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.