IFP Advisors Inc Acquires 219 Shares of The Travelers Companies, Inc. $TRV

IFP Advisors Inc grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 1.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 13,891 shares of the insurance provider’s stock after purchasing an additional 219 shares during the quarter. IFP Advisors Inc’s holdings in Travelers Companies were worth $3,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cornerstone Planning Group LLC grew its position in 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 last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the 1st quarter worth $26,000. Missouri Trust & Investment Co grew its position 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 bought a new stake in Travelers Companies during the 1st quarter worth $32,000. Finally, Nova Wealth Management Inc. bought a new stake in Travelers Companies during the 2nd quarter worth $32,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $277.54, for a total transaction of $4,668,222.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction dated 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 sale, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. The trade was a 38.45% decrease in their position. The disclosure for this sale can be found here. 1.46% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $269.92 on Friday. The stock’s 50 day moving average is $273.66 and its 200 day moving average is $266.13. 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 firm has a market cap of $60.77 billion, a P/E ratio of 11.94, a P/E/G ratio of 3.13 and a beta of 0.51. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, topping 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 company had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same period in the previous year, the firm earned $2.51 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on TRV. Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. Citigroup began coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $291.00 price objective on the stock. Wells Fargo & Company boosted their price objective on Travelers Companies from $275.00 to $291.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wolfe Research started coverage on Travelers Companies in a research report on Monday, September 15th. They issued a “peer perform” rating on the stock. Finally, UBS Group increased their price target on Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $290.11.

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.