Retirement Planning Co of New England Inc. Makes New $303,000 Investment in The Travelers Companies, Inc. $TRV

Retirement Planning Co of New England Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the first quarter, Holdings Channel.com reports. The firm bought 1,146 shares of the insurance provider’s stock, valued at approximately $303,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC increased its position in shares of Travelers Companies by 700.0% during the first 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 during the period. Putney Financial Group LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $26,000. Ameriflex Group Inc. bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $26,000. Greykasell Wealth Strategies Inc. bought a new position in shares of Travelers Companies during the 1st quarter valued at about $26,000. Finally, Wood Tarver Financial Group LLC bought a new position in shares of Travelers Companies during the 4th quarter valued at about $33,000. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the transaction, the executive vice president directly owned 18,416 shares of the company’s stock, valued at $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. UBS Group increased their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Wall Street Zen lowered Travelers Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the stock an “equal weight” rating in a research report on Monday, May 19th. Finally, Wells Fargo & Company raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $284.56.

Travelers Companies Stock Up 0.5%

NYSE TRV opened at $271.62 on Monday. 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 stock has a market capitalization of $61.15 billion, a PE ratio of 12.01, a PEG ratio of 3.12 and a beta of 0.53. The Travelers Companies, Inc. has a 1 year low of $222.21 and a 1 year high of $279.04. The business’s 50-day moving average is $263.85 and its 200 day moving average is $261.35.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $2.99. The company had revenue of $11.54 billion for 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%.Travelers Companies’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $2.51 earnings per share. 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a 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%.

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.