Heritage Financial Services LLC Invests $201,000 in The Travelers Companies, Inc. $TRV

Heritage Financial Services LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 752 shares of the insurance provider’s stock, valued at approximately $201,000.

A number of other large investors also recently bought and sold shares of TRV. Cornerstone Planning Group LLC grew its stake in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after buying an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies in the first quarter worth $26,000. Missouri Trust & Investment Co grew its stake in shares of Travelers Companies by 122.2% in the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Nova Wealth Management Inc. bought a new position in shares of Travelers Companies during the second quarter valued at $32,000. Finally, Flaharty Asset Management LLC purchased a new position in shares of Travelers Companies in the 1st quarter worth about $32,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Price Performance

NYSE TRV opened at $277.46 on Thursday. The company has a 50-day moving average price of $270.77 and a 200-day moving average price of $265.18. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $62.46 billion, a P/E ratio of 12.27, a PEG ratio of 3.21 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last announced its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) 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 company had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the business posted $2.51 earnings per share. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, September 10th. Travelers Companies’s dividend payout ratio is 19.46%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies 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 transaction was disclosed in a legal filing with the SEC, which can be accessed 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 value of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This trade represents 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 currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on TRV. Citigroup began coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Wolfe Research began coverage on shares of Travelers Companies in a research report on Monday, September 15th. They set a “peer perform” rating for the company. Keefe, Bruyette & Woods upped their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research report on Friday, July 18th. Finally, UBS Group increased their target price on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies currently 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.