Schmidt P J Investment Management Inc. Purchases 390 Shares of The Travelers Companies, Inc. $TRV

Schmidt P J Investment Management Inc. boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 24.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,960 shares of the insurance provider’s stock after buying an additional 390 shares during the quarter. Schmidt P J Investment Management Inc.’s holdings in Travelers Companies were worth $524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Banco Santander S.A. raised its holdings in Travelers Companies by 22.3% during the 2nd quarter. Banco Santander S.A. now owns 49,612 shares of the insurance provider’s stock valued at $13,273,000 after buying an additional 9,054 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Travelers Companies by 3.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 705,489 shares of the insurance provider’s stock worth $188,734,000 after purchasing an additional 21,628 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Travelers Companies by 0.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 87,131 shares of the insurance provider’s stock worth $23,311,000 after purchasing an additional 472 shares in the last quarter. Resonant Capital Advisors LLC raised its holdings in Travelers Companies by 17.2% in the 2nd quarter. Resonant Capital Advisors LLC now owns 1,057 shares of the insurance provider’s stock worth $283,000 after purchasing an additional 155 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in Travelers Companies by 1.0% in the 2nd quarter. Wealthfront Advisers LLC now owns 20,480 shares of the insurance provider’s stock worth $5,479,000 after purchasing an additional 196 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on TRV shares. Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They issued 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. Keefe, Bruyette & Woods upped their price objective on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Finally, Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. Two research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $291.31.

Travelers Companies Stock Up 0.3%

Shares of Travelers Companies stock opened at $269.98 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The company has a 50-day moving average of $274.13 and a 200 day moving average of $267.34. The firm has a market cap of $60.22 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 2.44 and a beta of 0.51. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share (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 analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. Travelers Companies’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $5.24 EPS. As a group, sell-side analysts anticipate that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

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.