West Branch Capital LLC Has $48,000 Stock Position in The Travelers Companies, Inc. $TRV

West Branch Capital LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 38.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 179 shares of the insurance provider’s stock after acquiring an additional 50 shares during the period. West Branch Capital LLC’s holdings in Travelers Companies were worth $48,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Bearing Point Capital LLC raised its holdings in shares of Travelers Companies by 2.0% in the 1st quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock worth $522,000 after acquiring an additional 38 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of Travelers Companies by 0.9% in the 1st quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock worth $1,171,000 after acquiring an additional 39 shares during the last quarter. Y.D. More Investments Ltd raised its holdings in shares of Travelers Companies by 13.9% in the 1st quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock worth $84,000 after acquiring an additional 39 shares during the last quarter. Park National Corp OH raised its holdings in shares of Travelers Companies by 1.6% in the 2nd quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock worth $690,000 after acquiring an additional 40 shares during the last quarter. Finally, ORG Partners LLC raised its holdings in shares of Travelers Companies by 5.6% in the 2nd quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock worth $207,000 after acquiring an additional 41 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of analyst reports. Cantor Fitzgerald upgraded shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. UBS Group increased their price objective on shares of Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Citigroup started coverage on shares of Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective for the company. Keefe, Bruyette & Woods increased their price objective on shares of Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company increased their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $284.56.

Insider Activity at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the firm’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $266.12, for a total value of $3,061,710.60. Following the completion of the transaction, the executive vice president directly owned 18,416 shares of the company’s stock, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Up 1.3%

Travelers Companies stock opened at $277.73 on Friday. The Travelers Companies, Inc. has a twelve month low of $224.62 and a twelve month high of $280.70. The firm has a 50 day moving average price of $270.00 and a 200-day moving average price of $264.74. The company has a market capitalization of $62.53 billion, a P/E ratio of 12.28, a P/E/G ratio of 3.15 and a beta of 0.53. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the firm earned $2.51 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. As a group, equities analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is 19.46%.

Travelers Companies Company Profile

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.