4,242 Shares in The Travelers Companies, Inc. $TRV Acquired by Peak Asset Management LLC

Peak Asset Management LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, HoldingsChannel reports. The firm bought 4,242 shares of the insurance provider’s stock, valued at approximately $935,000.

Several other institutional investors have also modified their holdings of the stock. LifeSteps Financial Inc. acquired a new position in Travelers Companies in the 2nd quarter valued at about $26,000. Kilter Group LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $26,000. HHM Wealth Advisors LLC raised its position in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after buying an additional 51 shares during the period. Kemnay Advisory Services Inc. acquired a new position in Travelers Companies in the fourth quarter valued at approximately $26,000. Finally, Whipplewood Advisors LLC purchased a new position in Travelers Companies in the first quarter worth approximately $26,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on TRV. Mizuho lifted their target price on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Roth Capital increased their price target on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Citigroup restated a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. HSBC increased their target price on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Finally, Bank of America increased their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research report on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $354.26.

Insider Buying and Selling

In other news, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at $16,519,811.25. This trade represents a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,667 shares of company stock valued at $19,611,829 over the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $370.65 on Tuesday. The stock’s 50-day moving average is $353.55 and its two-hundred day moving average is $318.93. 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 company has a market cap of $77.31 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the firm earned $6.51 earnings per share. The firm’s quarterly revenue was up .3% on a year-over-year basis. Analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 13.39%.

Travelers Companies Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.