Sigma Planning Corp Buys 4,771 Shares of The Travelers Companies, Inc. $TRV

Sigma Planning Corp grew its stake in The Travelers Companies, Inc. (NYSE:TRV) by 98.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,627 shares of the insurance provider’s stock after purchasing an additional 4,771 shares during the period. Sigma Planning Corp’s holdings in Travelers Companies were worth $3,178,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Travelers Companies during the second quarter valued at about $4,447,000. Arbejdsmarkedets Tillaegspension acquired a new position in shares of Travelers Companies in the fourth quarter valued at approximately $24,167,000. Biondo Investment Advisors LLC acquired a new position in shares of Travelers Companies in the second quarter valued at approximately $13,649,000. Evolve Private Wealth LLC bought a new position in Travelers Companies in the 2nd quarter valued at approximately $987,000. Finally, Rit Capital Partners PLC bought a new position in Travelers Companies in the 4th quarter valued at approximately $39,450,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TRV shares. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a report on Monday, July 20th. Morgan Stanley lifted their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. UBS Group increased their price objective on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, BMO Capital Markets lowered Travelers Companies from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $314.00 to $379.00 in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Trading Down 0.0%

TRV opened at $369.85 on Monday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a fifty day moving average of $358.56 and a 200-day moving average of $320.97. The stock has a market cap of $77.14 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last released its 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. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.51 earnings per share. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. This represents a 33.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,667 shares of company stock worth $19,611,829 over the last three months. Insiders own 1.39% of the company’s stock.

Travelers Companies 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.