First Pacific Financial Buys 15,623 Shares of The Travelers Companies, Inc. $TRV

First Pacific Financial increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 34,717.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 15,668 shares of the insurance provider’s stock after purchasing an additional 15,623 shares during the quarter. Travelers Companies comprises 0.6% of First Pacific Financial’s investment portfolio, making the stock its 25th largest holding. First Pacific Financial’s holdings in Travelers Companies were worth $4,192,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TRV. Cornerstone Planning Group LLC increased its stake in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in Travelers Companies during the 1st quarter worth $26,000. Missouri Trust & Investment Co boosted its holdings in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the last quarter. Flaharty Asset Management LLC purchased a new position in Travelers Companies during the 1st quarter worth $32,000. Finally, Nova Wealth Management Inc. purchased a new stake in Travelers Companies during the second quarter worth about $32,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.9%

Shares of NYSE TRV opened at $279.12 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $224.62 and a 12 month high of $280.70. 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 firm has a market capitalization of $62.84 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 3.18 and a beta of 0.53. The business has a 50-day moving average of $270.51 and a 200-day moving average of $265.10.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.52 by $2.99. The business had revenue of $11.54 billion during the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.Travelers Companies’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.51 earnings per share. Sell-side analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Wednesday, September 10th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $4.40 annualized dividend and a yield of 1.6%. Travelers Companies’s dividend payout ratio is currently 19.46%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRV. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods boosted their price objective on Travelers Companies from $304.00 to $316.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Wells Fargo & Company boosted their price objective on Travelers Companies from $264.00 to $275.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. UBS Group boosted their price objective on Travelers Companies from $275.00 to $284.00 and gave the company a “neutral” rating in a research note on Monday, July 21st. Finally, Citigroup assumed coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $284.56.

Insider Activity at Travelers Companies

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

Travelers Companies 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.