waypoint wealth counsel Takes $202,000 Position in The Travelers Companies, Inc. $TRV

waypoint wealth counsel acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, Holdings Channel reports. The fund acquired 755 shares of the insurance provider’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PFG Advisors raised its position in shares of Travelers Companies by 108.8% during the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after purchasing an additional 2,217 shares during the period. Greatmark Investment Partners Inc. raised its position in shares of Travelers Companies by 3.0% during the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after purchasing an additional 1,772 shares during the period. Atlas Capital Advisors Inc. increased its holdings in Travelers Companies by 890.9% in the 1st quarter. Atlas Capital Advisors Inc. now owns 4,558 shares of the insurance provider’s stock valued at $1,205,000 after acquiring an additional 4,098 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in Travelers Companies by 47.3% in the 1st quarter. Concurrent Investment Advisors LLC now owns 5,305 shares of the insurance provider’s stock valued at $1,403,000 after acquiring an additional 1,703 shares during the last quarter. Finally, Alpha Cubed Investments LLC increased its holdings in Travelers Companies by 200.2% in the 1st quarter. Alpha Cubed Investments LLC now owns 3,290 shares of the insurance provider’s stock valued at $870,000 after acquiring an additional 2,194 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $266.12, for a total transaction 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 approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. 1.46% of the stock is currently owned by insiders.

Travelers Companies Stock Performance

Travelers Companies stock opened at $269.92 on Monday. The company’s 50-day moving average price is $273.66 and its 200-day moving average price is $266.18. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $287.95. 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 company has a market cap of $60.77 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 3.08 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the previous year, the firm posted $2.51 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Analysts Set New Price Targets

TRV has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods lifted their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Wall Street Zen upgraded shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reiterated a “buy (b+)” rating on shares of Travelers Companies in a report on Saturday, September 27th. Finally, Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus 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.