Brookstone Capital Management Acquires 687 Shares of The Travelers Companies, Inc. $TRV

Brookstone Capital Management boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 37.5% in the second quarter, Holdings Channel reports. The institutional investor owned 2,519 shares of the insurance provider’s stock after buying an additional 687 shares during the period. Brookstone Capital Management’s holdings in Travelers Companies were worth $674,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. PFG Advisors raised its holdings in Travelers Companies by 108.8% in the 1st quarter. PFG Advisors now owns 4,255 shares of the insurance provider’s stock valued at $1,125,000 after buying an additional 2,217 shares during the last quarter. Greatmark Investment Partners Inc. raised its holdings in Travelers Companies by 3.0% in the 1st quarter. Greatmark Investment Partners Inc. now owns 60,953 shares of the insurance provider’s stock valued at $16,120,000 after buying an additional 1,772 shares during the last quarter. Atlas Capital Advisors Inc. raised 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 buying an additional 4,098 shares during the last quarter. Concurrent Investment Advisors LLC raised 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 buying an additional 1,703 shares during the last quarter. Finally, Alpha Cubed Investments LLC raised 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 buying an additional 2,194 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.46% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $269.98 on Monday. The company has a market cap of $60.22 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 2.44 and a beta of 0.51. The Travelers Companies, Inc. has a 52 week low of $230.23 and a 52 week high of $287.95. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The firm has a 50 day moving average of $274.13 and a 200-day moving average of $267.34.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. The company had revenue of $11.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $5.24 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 17.30%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TRV shares. Piper Sandler raised their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 17th. Barclays set a $313.00 price target on shares of Travelers Companies in a report on Wednesday, October 8th. Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. The Goldman Sachs Group restated a “buy” rating on shares of Travelers Companies in a report on Friday, October 17th. Finally, UBS Group raised their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and an average price target of $291.31.

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.