920 Shares in The Travelers Companies, Inc. $TRV Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 920 shares of the insurance provider’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC lifted 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 buying an additional 84 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Travelers Companies during the 1st quarter worth about $26,000. Missouri Trust & Investment Co raised its holdings in shares of Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 55 shares during the period. Flaharty Asset Management LLC bought a new stake in shares of Travelers Companies in the 1st quarter valued at about $32,000. Finally, Nova Wealth Management Inc. bought a new stake in shares of Travelers Companies in the 2nd quarter valued at about $32,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TRV shares. Wells Fargo & Company reaffirmed a “positive” rating on shares of Travelers Companies in a report on Friday, October 17th. UBS Group increased their price target on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Wall Street Zen cut shares of Travelers Companies from a “buy” rating to a “hold” rating in a report on Sunday. Wolfe Research initiated coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating on the stock. Finally, Keefe, Bruyette & Woods increased their price target on shares of Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $291.31.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $268.45 on Thursday. The Travelers Companies, Inc. has a fifty-two week low of $230.23 and a fifty-two week high of $287.95. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $59.88 billion, a P/E ratio of 10.56, a P/E/G ratio of 2.52 and a beta of 0.51. The company’s 50 day moving average price is $274.03 and its two-hundred day moving average price is $266.52.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating analysts’ consensus estimates of $6.01 by $2.13. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm had revenue of $11.47 billion for the quarter, compared to analyst estimates of $11.15 billion. During the same quarter last year, the business posted $5.24 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, equities 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 announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be given a $1.10 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $4.40 dividend on an annualized basis and a yield of 1.6%. Travelers Companies’s dividend payout ratio (DPR) is currently 17.30%.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.46% of the stock is owned by corporate insiders.

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.