Investor s Fiduciary Advisor Network LLC Acquires Shares of 2,280 The Travelers Companies, Inc. $TRV

Investor s Fiduciary Advisor Network LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,280 shares of the insurance provider’s stock, valued at approximately $502,000.

A number of other hedge funds also recently modified their holdings of the stock. HHM Wealth Advisors LLC boosted its holdings 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 worth $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC bought a new position in Travelers Companies in the 1st quarter valued at about $26,000. LifeSteps Financial Inc. bought a new position in Travelers Companies in the 2nd quarter valued at about $26,000. Kilter Group LLC acquired a new stake in Travelers Companies during the second quarter worth approximately $26,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies during the fourth quarter worth approximately $26,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Up 0.1%

Shares of NYSE:TRV opened at $363.83 on Monday. The company has a market capitalization of $75.89 billion, a P/E ratio of 9.74, a P/E/G 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. 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 business’s 50 day simple moving average is $352.28 and its 200 day simple moving average is $318.35.

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, beating the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.51 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business 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 $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TRV. Wells Fargo & Company boosted their price objective on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Mizuho increased their target price on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Bank of America boosted their price target on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research note on Monday, July 20th. Finally, TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research report on Monday, July 13th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $354.26.

Insider Buying and Selling

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This represents a 32.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 62,667 shares of company stock valued at $22,688,329 in the last ninety days. Insiders own 1.39% of the company’s stock.

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.