1,414 Shares in The Travelers Companies, Inc. $TRV Purchased by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,414 shares of the insurance provider’s stock, valued at approximately $378,000.

Several other institutional investors also recently modified their holdings of the business. Bearing Point Capital LLC boosted its holdings in shares of Travelers Companies by 2.0% in the first quarter. Bearing Point Capital LLC now owns 1,973 shares of the insurance provider’s stock worth $522,000 after buying an additional 38 shares during the last quarter. Forum Financial Management LP lifted its holdings in Travelers Companies by 0.9% during the first quarter. Forum Financial Management LP now owns 4,428 shares of the insurance provider’s stock valued at $1,171,000 after purchasing an additional 39 shares in the last quarter. Y.D. More Investments Ltd lifted its holdings in Travelers Companies by 13.9% during the first quarter. Y.D. More Investments Ltd now owns 319 shares of the insurance provider’s stock valued at $84,000 after purchasing an additional 39 shares in the last quarter. Park National Corp OH lifted its holdings in Travelers Companies by 1.6% during the second quarter. Park National Corp OH now owns 2,580 shares of the insurance provider’s stock valued at $690,000 after purchasing an additional 40 shares in the last quarter. Finally, ORG Partners LLC lifted its holdings in Travelers Companies by 5.6% during the second quarter. ORG Partners LLC now owns 776 shares of the insurance provider’s stock valued at $207,000 after purchasing an additional 41 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

TRV stock opened at $261.61 on Friday. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The company’s fifty day moving average price is $273.99 and its 200-day moving average price is $266.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $58.90 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 2.98 and a beta of 0.51.

Travelers Companies (NYSE:TRV) last released its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. During the same quarter in the previous year, the firm earned $5.24 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, December 10th. Travelers Companies’s payout ratio is currently 19.46%.

Insider Buying and Selling at Travelers Companies

In related news, EVP Gregory C. Toczydlowski sold 11,505 shares of the business’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction 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. Insiders own 1.46% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TRV shares. Wall Street Zen raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a report on Saturday, October 11th. Morgan Stanley lifted their price target on shares of Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a report on Tuesday, October 7th. Cantor Fitzgerald raised shares of Travelers Companies to a “strong-buy” rating in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Travelers Companies in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Travelers Companies from $289.00 to $297.00 and gave the stock an “underweight” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus price target of $291.59.

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.