Pin Oak Investment Advisors Inc. Makes New Investment in The Travelers Companies, Inc. $TRV

Pin Oak Investment Advisors Inc. bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,400 shares of the insurance provider’s stock, valued at approximately $462,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC grew its holdings in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares during the period. Whipplewood Advisors LLC bought a new position in Travelers Companies in the first quarter valued at about $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies in the second quarter worth about $26,000. Kilter Group LLC bought a new stake in shares of Travelers Companies during the 2nd quarter valued at about $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Travelers Companies during the 4th quarter valued at about $26,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,667 shares of company stock worth $19,611,829 in the last three months. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

NYSE TRV opened at $369.85 on Friday. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The stock has a market cap of $77.14 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.51 and a beta of 0.45. The company’s 50 day moving average is $358.56 and its two-hundred day moving average is $320.77. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.51 earnings per share. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s payout ratio is 13.39%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TRV shares. Mizuho increased their price objective on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Barclays boosted their target price on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. BMO Capital Markets cut shares of Travelers Companies from an “outperform” rating to a “market perform” rating and upped their target price for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Finally, Roth Capital lifted their price target 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. 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $354.26.

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.