PFG Investments LLC Acquires 213 Shares of The Travelers Companies, Inc. $TRV

PFG Investments LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 6.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,704 shares of the insurance provider’s stock after purchasing an additional 213 shares during the quarter. PFG Investments LLC’s holdings in Travelers Companies were worth $991,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of TRV. Cornerstone Planning Group LLC boosted its holdings in shares of Travelers Companies by 700.0% in the first quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock valued at $25,000 after buying an additional 84 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Travelers Companies during the first quarter worth $26,000. Missouri Trust & Investment Co lifted its position in 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 acquiring an additional 55 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in Travelers Companies in the 1st quarter worth $32,000. Finally, Nova Wealth Management Inc. acquired a new position in Travelers Companies in the 2nd quarter worth $32,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

NYSE:TRV opened at $280.02 on Friday. The stock has a market capitalization of $63.04 billion, a PE ratio of 12.38, a P/E/G ratio of 3.18 and a beta of 0.51. The Travelers Companies, Inc. has a 1-year low of $224.62 and a 1-year high of $280.70. The firm has a fifty day simple moving average of $271.13 and a 200 day simple moving average of $265.28. 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 announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. Travelers Companies had a net margin of 10.97% and a return on equity of 18.68%. The firm had revenue of $11.54 billion during the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter last year, the company posted $2.51 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th were issued a dividend of $1.10 per share. The ex-dividend date was Wednesday, September 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 presently 19.46%.

Insider Buying and Selling

In other Travelers Companies news, EVP Gregory C. Toczydlowski sold 11,505 shares of the company’s stock in a transaction that occurred on Monday, July 21st. The stock was 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 $4,900,865.92. This represents a 38.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mojgan M. Lefebvre sold 16,820 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The disclosure for this sale can be found here. 1.46% of the stock is owned by insiders.

Analysts Set New Price Targets

TRV has been the topic of several recent research reports. Cantor Fitzgerald raised Travelers Companies to a “strong-buy” rating in a research note on Wednesday, August 13th. Wall Street Zen cut Travelers Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Evercore ISI reaffirmed an “outperform” rating on shares of Travelers Companies in a research note on Wednesday. Citigroup assumed coverage on shares of Travelers Companies in a report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 price objective on the stock. Finally, UBS Group increased their target price on shares of Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $284.56.

About Travelers Companies

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.