IFP Advisors Inc Has $3.72 Million Stock Holdings in The Travelers Companies, Inc. $TRV

IFP Advisors Inc boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,891 shares of the insurance provider’s stock after purchasing an additional 219 shares during the period. IFP Advisors Inc’s holdings in Travelers Companies were worth $3,717,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its position in shares of Travelers Companies by 700.0% in 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 last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies in the first quarter valued at approximately $26,000. Missouri Trust & Investment Co lifted its position 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 valued at $27,000 after buying an additional 55 shares during the last quarter. Nova Wealth Management Inc. acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Travelers Companies in the first quarter valued at approximately $32,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction on Monday, July 21st. The stock was 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. The trade was a 38.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction on Friday, August 22nd. The shares were 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 owned by insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $269.92 on Friday. The stock has a market capitalization of $60.77 billion, a PE ratio of 11.94, a P/E/G ratio of 3.13 and a beta of 0.51. 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 business has a fifty day moving average price of $273.66 and a two-hundred day moving average price of $266.13. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95.

Travelers Companies (NYSE:TRV) last announced 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 firm had revenue of $11.54 billion during 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%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.51 EPS. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Morgan Stanley lifted their price target on Travelers Companies from $269.00 to $285.00 and gave the stock an “equal weight” rating in a report on Tuesday. Wells Fargo & Company lifted their price target on Travelers Companies from $275.00 to $291.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group lifted their price target on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Travelers Companies in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $290.11.

Travelers Companies 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.