Proficio Capital Partners LLC Buys Shares of 2,194 The Travelers Companies, Inc. $TRV

Proficio Capital Partners LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,194 shares of the insurance provider’s stock, valued at approximately $724,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TRV. Pure Financial Advisors LLC acquired a new stake in Travelers Companies in the second quarter valued at approximately $1,042,000. Transamerica Financial Advisors LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at $424,000. Sanchez Levi Garrett bought a new position in shares of Travelers Companies during the 2nd quarter valued at $388,000. Corient Private Wealth LP acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at $51,066,000. Finally, Bank of America Corp DE bought a new stake in Travelers Companies in the second quarter worth $932,142,000. Institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,667 shares of company stock worth $19,611,829 over the last quarter. Corporate insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of several recent research reports. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price on the stock. in a report on Monday, July 20th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. BMO Capital Markets downgraded 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 research note on Tuesday, July 21st. Wells Fargo & Company upped their target price on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Stock Performance

NYSE:TRV opened at $371.02 on Thursday. The firm’s 50-day moving average is $356.08 and its 200-day moving average is $319.95. The company has a market cap of $77.39 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 3.51 and a beta of 0.45. 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 Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same period in the previous year, the company posted $6.51 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. Equities research 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 announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

About Travelers Companies

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.