Hara Capital LLC Purchases Shares of 2,540 The Travelers Companies, Inc. $TRV

Hara Capital LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,540 shares of the insurance provider’s stock, valued at approximately $560,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. SGL Investment Advisors Inc. bought a new stake in shares of Travelers Companies in the second quarter valued at about $432,000. Advisors Capital Management LLC acquired a new stake in Travelers Companies during the second quarter worth about $750,000. Cannon Wealth Management Services LLC bought a new position in Travelers Companies during the second quarter valued at about $572,000. PCM Encore LLC bought a new position in Travelers Companies during the second quarter valued at about $590,000. Finally, Trillium Asset Management LLC acquired a new position in Travelers Companies in the 2nd quarter valued at approximately $31,352,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.7%

Shares of NYSE TRV opened at $364.79 on Friday. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The business has a fifty day moving average of $351.09 and a two-hundred day moving average of $317.80. The stock has a market cap of $76.09 billion, a PE ratio of 9.77, a PEG ratio of 3.44 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted its earnings results 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 firm’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.51 EPS. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have commented on the company. HSBC raised 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 price target on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Bank of America increased their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday, July 20th. Finally, Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a 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 given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $354.26.

Insider Activity

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 62,667 shares of company stock valued at $22,688,329. Corporate insiders own 1.39% of the company’s stock.

About Travelers Companies

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.