Mountain Pacific Investment Advisers LLC Boosts Stock Holdings in The Travelers Companies, Inc. $TRV

Mountain Pacific Investment Advisers LLC raised its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,870 shares of the insurance provider’s stock after purchasing an additional 50 shares during the period. Mountain Pacific Investment Advisers LLC’s holdings in Travelers Companies were worth $500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its stake in shares of Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 84 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in Travelers Companies during the first quarter valued at about $26,000. Missouri Trust & Investment Co boosted its position in Travelers Companies by 122.2% during the second quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 55 shares during the period. Nova Wealth Management Inc. purchased a new position in shares of Travelers Companies in the second quarter worth about $32,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Travelers Companies in the first quarter valued at approximately $32,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

Travelers Companies stock opened at $277.46 on Thursday. The stock has a market cap of $62.46 billion, a price-to-earnings ratio of 12.27, a PEG ratio of 3.21 and a beta of 0.51. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business has a 50-day simple moving average of $270.77 and a 200 day simple moving average of $265.18. The Travelers Companies, Inc. has a 52 week low of $224.62 and a 52 week high of $280.70.

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

Travelers Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TRV shares. Wall Street Zen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a report on Wednesday. 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. Wolfe Research assumed coverage on Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Barclays lowered Travelers Companies from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $280.00 to $274.00 in a report on Monday, July 7th. One 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 given a Sell rating to the stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $284.56.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the firm’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of Travelers Companies stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total transaction of $3,061,710.60. Following the sale, the executive vice president directly owned 18,416 shares of the company’s stock, valued at $4,900,865.92. This represents 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.