1,402 Shares in The Travelers Companies, Inc. $TRV Purchased by Succession Financial Inc.

Succession Financial Inc. bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,402 shares of the insurance provider’s stock, valued at approximately $463,000. Travelers Companies makes up approximately 0.4% of Succession Financial Inc.’s holdings, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of TRV. LifeSteps Financial Inc. purchased a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $26,000. Kilter Group LLC purchased a new position in Travelers Companies in the 2nd quarter valued at approximately $26,000. HHM Wealth Advisors LLC raised its holdings in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Travelers Companies during the fourth quarter worth $26,000. Finally, Whipplewood Advisors LLC purchased a new stake in Travelers Companies during the first quarter worth $26,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

TRV stock opened at $369.01 on Friday. The stock has a market capitalization of $76.97 billion, a price-to-earnings ratio of 9.88, a price-to-earnings-growth ratio of 2.51 and a beta of 0.44. 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 Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The stock’s fifty day simple moving average is $363.46 and its 200-day simple moving average is $323.28.

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

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 13.39%.

Insider Activity

In other news, EVP Michael Klein sold 6,000 shares of the company’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 completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Rowland sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,667 shares of company stock worth $21,830,989 in the last quarter. Insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on TRV shares. Morgan Stanley upped their target price on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Wells Fargo & Company lifted their price target on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Bank of America boosted 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. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Finally, Mizuho raised their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Company 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.