BerganKDV Wealth Management LLC Acquires 1,406 Shares of The Travelers Companies, Inc. (NYSE:TRV)

BerganKDV Wealth Management LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRVGet Rating) by 6.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,873 shares of the insurance provider’s stock after purchasing an additional 1,406 shares during the period. BerganKDV Wealth Management LLC’s holdings in Travelers Companies were worth $4,179,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Retirement Planning Co of New England Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $26,000. US Asset Management LLC acquired a new stake in shares of Travelers Companies during the 1st quarter worth about $28,000. FSB Premier Wealth Management Inc. acquired a new stake in shares of Travelers Companies during the 4th quarter worth about $31,000. Addison Advisors LLC increased its position in Travelers Companies by 293.5% during the first quarter. Addison Advisors LLC now owns 181 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 135 shares during the period. Finally, Dividend Assets Capital LLC bought a new position in Travelers Companies during the fourth quarter worth about $35,000. Institutional investors own 83.20% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 5,500 shares of the company’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $176.68, for a total value of $971,740.00. Following the completion of the sale, the insider now owns 251,605 shares in the company, valued at approximately $44,453,571.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $172.78, for a total value of $1,727,800.00. Following the transaction, the executive vice president now directly owns 9,107 shares of the company’s stock, valued at approximately $1,573,507.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman William H. Heyman sold 5,500 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $176.68, for a total transaction of $971,740.00. Following the sale, the insider now directly owns 251,605 shares in the company, valued at $44,453,571.40. The disclosure for this sale can be found here. Company insiders own 1.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on TRV shares. The Goldman Sachs Group lowered shares of Travelers Companies from a “neutral” rating to a “sell” rating and decreased their target price for the company from $190.00 to $170.00 in a report on Friday, June 3rd. Citigroup started coverage on shares of Travelers Companies in a research report on Monday, May 23rd. They set a “neutral” rating and a $179.00 target price on the stock. UBS Group cut their target price on shares of Travelers Companies from $184.00 to $169.00 and set a “neutral” rating on the stock in a research report on Monday, July 25th. Jefferies Financial Group cut their target price on shares of Travelers Companies from $172.00 to $156.00 and set a “hold” rating on the stock in a research report on Tuesday, July 12th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Travelers Companies in a research report on Thursday, June 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $175.00.

Travelers Companies Stock Up 0.8 %

TRV stock traded up $1.26 during midday trading on Friday, reaching $158.96. 882,311 shares of the company’s stock traded hands, compared to its average volume of 1,252,748. The company has a market cap of $37.72 billion, a price-to-earnings ratio of 11.03, a P/E/G ratio of 2.88 and a beta of 0.62. The firm’s fifty day moving average price is $165.17 and its 200-day moving average price is $171.46. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 52 week low of $145.40 and a 52 week high of $187.98.

Travelers Companies (NYSE:TRVGet Rating) last announced its quarterly earnings results on Thursday, July 21st. The insurance provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.57. The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.29 billion. Travelers Companies had a net margin of 9.97% and a return on equity of 13.64%. Travelers Companies’s quarterly revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.45 EPS. As a group, sell-side analysts forecast that The Travelers Companies, Inc. will post 13.61 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be paid a $0.93 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $3.72 annualized dividend and a dividend yield of 2.34%. Travelers Companies’s payout ratio is 25.82%.

About Travelers Companies

(Get Rating)

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United states and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

Further Reading

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Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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