Diversify Wealth Management LLC Buys 7,467 Shares of The Travelers Companies, Inc. $TRV

Diversify Wealth Management LLC lifted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 994.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 8,218 shares of the insurance provider’s stock after acquiring an additional 7,467 shares during the period. Diversify Wealth Management LLC’s holdings in Travelers Companies were worth $2,484,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in TRV. HHM Wealth Advisors LLC lifted its position in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $26,000. Osterweis Capital Management Inc. increased its position in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of Travelers Companies in the fourth quarter valued at $28,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Diane Kurtzman sold 2,867 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $303.45, for a total value of $869,991.15. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at $1,607,678.10. The trade was a 35.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on TRV. TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a research report on Monday. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Cantor Fitzgerald increased their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday. Roth Capital reaffirmed a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Travelers Companies in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $331.21.

Travelers Companies Stock Performance

Travelers Companies stock opened at $341.31 on Tuesday. The firm has a market capitalization of $72.58 billion, a P/E ratio of 10.15, a P/E/G ratio of 3.04 and a beta of 0.46. The stock has a fifty day moving average price of $310.91 and a two-hundred day moving average price of $300.16. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $349.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, beating the consensus estimate of $6.80 by $0.91. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The company had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same quarter in the previous year, the company earned $1.91 EPS. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, analysts anticipate that The Travelers Companies, Inc. will post 28.17 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th were given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.5%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. The ex-dividend date was Wednesday, June 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

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.