Retirement Planning Co of New England Inc. Invests $303,000 in The Travelers Companies, Inc. (NYSE:TRV)

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

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Forum Financial Management LP grew its position in shares of Travelers Companies by 0.9% in the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider's stock valued at $1,171,000 after purchasing an additional 39 shares in the last quarter. Smith Salley Wealth Management increased its stake in shares of Travelers Companies by 0.6% in the 1st quarter. Smith Salley Wealth Management now owns 7,321 shares of the insurance provider's stock worth $1,936,000 after acquiring an additional 44 shares during the last quarter. Windsor Capital Management LLC grew its position 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 acquiring an additional 48 shares during the period. JT Stratford LLC boosted its stake in Travelers Companies by 0.8% during the fourth quarter. JT Stratford LLC now owns 6,044 shares of the insurance provider's stock worth $1,456,000 after buying an additional 49 shares during the period. Finally, Trifecta Capital Advisors LLC increased its position in shares of Travelers Companies by 13.4% during the first quarter. Trifecta Capital Advisors LLC now owns 422 shares of the insurance provider's stock valued at $112,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Activity

In other news, CEO Alan D. Schnitzer sold 35,456 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $273.78, for a total transaction of $9,707,143.68. Following the completion of the sale, the chief executive officer owned 262,329 shares in the company, valued at $71,820,433.62. This represents a 11.91% 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, CFO Daniel S. Frey sold 20,286 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $273.48, for a total value of $5,547,815.28. Following the sale, the chief financial officer directly owned 26,932 shares of the company's stock, valued at approximately $7,365,363.36. This represents a 42.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,869 shares of company stock valued at $44,868,201. Insiders own 1.46% of the company's stock.

Travelers Companies Price Performance

Shares of TRV opened at $262.16 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $202.95 and a 1-year high of $277.83. The stock has a market cap of $59.21 billion, a PE ratio of 14.27, a price-to-earnings-growth ratio of 3.72 and a beta of 0.51. The firm has a fifty day moving average price of $266.00 and a 200 day moving average price of $256.07.

Travelers Companies (NYSE:TRV - Get Free Report) last released 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. Travelers Companies had a net margin of 9.09% and a return on equity of 16.10%. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the prior year, the firm earned $2.51 EPS. Travelers Companies's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on TRV shares. Wall Street Zen upgraded Travelers Companies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Jefferies Financial Group lifted their target price on Travelers Companies from $265.00 to $270.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company set a $264.00 price target on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Barclays lowered shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $280.00 to $274.00 in a research note on Monday, July 7th. Finally, JPMorgan Chase & Co. upped their target price on shares of Travelers Companies from $260.00 to $271.00 and gave the stock an "underweight" rating in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $274.00.

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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