Ruggaard & Associates LLC Invests $507,000 in The Travelers Companies, Inc. $TRV

Ruggaard & Associates LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,536 shares of the insurance provider’s stock, valued at approximately $507,000.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Travelers Companies during the second quarter valued at $6,915,909,000. Legal & General Group Plc acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $799,601,000. Bank of America Corp DE purchased a new position in Travelers Companies in the 2nd quarter valued at about $932,142,000. Norges Bank acquired a new stake in Travelers Companies in the 4th quarter worth about $723,339,000. Finally, GQG Partners LLC acquired a new stake in Travelers Companies in the 2nd quarter worth about $789,024,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Trading Down 0.5%

NYSE TRV opened at $369.13 on Friday. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. 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’s 50-day moving average is $357.31 and its two-hundred day moving average is $320.43. The stock has a market capitalization of $76.99 billion, a P/E ratio of 9.89, a PEG ratio of 3.53 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $6.51 earnings per share. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TRV. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price for the company. in a report on Monday, July 20th. Barclays lifted their price target on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. BMO Capital Markets lowered Travelers Companies from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Roth Capital lifted their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company upped their price target on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $354.26.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the sale, the executive vice president directly owned 9,213 shares in the company, valued at approximately $3,393,884.94. This trade represents a 63.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 52,667 shares of company stock valued at $19,611,829 over the last ninety days. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers’ compensation, professional and management liability, surety and inland marine.