Compass Wealth Management LLC Acquires Shares of 11,965 The Travelers Companies, Inc. $TRV

Compass Wealth Management LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,965 shares of the insurance provider’s stock, valued at approximately $3,950,000.

Several other hedge funds also recently made changes to their positions in TRV. Berman McAleer LLC increased its stake in shares of Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after acquiring an additional 30 shares during the period. Willner & Heller LLC raised its holdings in Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after purchasing an additional 32 shares in the last quarter. Spinnaker Trust lifted its position in Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 33 shares during the period. Cim LLC boosted its holdings in Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after purchasing an additional 34 shares in the last quarter. Finally, Avalon Trust Co boosted its holdings in Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction on 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 directly owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This trade represents a 44.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,667 shares of company stock valued at $22,688,329 in the last three months. 1.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TRV. Mizuho raised their price target on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Cantor Fitzgerald upped their price objective on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. HSBC increased their price objective on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Evercore set a $329.00 target price on Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Finally, The Goldman Sachs Group lowered shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price on the stock. in a research report on Monday, July 20th. Four equities 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $354.26.

Travelers Companies Price Performance

TRV stock opened at $367.96 on Wednesday. The firm has a 50 day moving average of $348.71 and a 200-day moving average of $316.68. The company has a market cap of $76.74 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 3.52 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70.

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

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s dividend payout ratio is 13.39%.

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.