The Travelers Companies, Inc. $TRV Shares Purchased by Brookstone Capital Management

Brookstone Capital Management boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 13.3% during the second quarter, Holdings Channel.com reports. The firm owned 57,502 shares of the insurance provider’s stock after buying an additional 6,770 shares during the quarter. Brookstone Capital Management’s holdings in Travelers Companies were worth $18,983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of Travelers Companies by 90.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 327,681 shares of the insurance provider’s stock valued at $109,442,000 after buying an additional 155,822 shares during the period. Burney Co. increased its holdings in shares of Travelers Companies by 0.5% during the 2nd quarter. Burney Co. now owns 9,890 shares of the insurance provider’s stock worth $3,265,000 after buying an additional 50 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of Travelers Companies by 39.4% during the 2nd quarter. QRG Capital Management Inc. now owns 89,892 shares of the insurance provider’s stock valued at $29,675,000 after buying an additional 25,395 shares during the period. B. Riley Wealth Advisors Inc. raised its position in shares of Travelers Companies by 4.5% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 2,586 shares of the insurance provider’s stock valued at $858,000 after buying an additional 112 shares during the period. Finally, Kelly Financial Group LLC lifted its holdings in Travelers Companies by 20.1% in the second quarter. Kelly Financial Group LLC now owns 1,148 shares of the insurance provider’s stock valued at $377,000 after acquiring an additional 192 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TRV has been the subject of several analyst reports. BMO Capital Markets lowered Travelers Companies from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $314.00 to $379.00 in a research report on Tuesday, July 21st. Cantor Fitzgerald lifted their target price on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research note on Wednesday, August 5th. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Four research 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 given a Sell rating to the company. According to MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $354.26.

Insider Activity

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,313 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the sale, the executive vice president directly owned 9,213 shares in the company, valued at $3,393,884.94. This represents a 63.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. This represents a 18.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 62,667 shares of company stock worth $22,688,329 in the last quarter. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Down 1.5%

Travelers Companies stock opened at $369.94 on Thursday. The company has a market capitalization of $77.16 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 3.57 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 fifty-two week low of $252.26 and a fifty-two week high of $398.70. The firm has a 50 day moving average price of $343.11 and a 200 day moving average price of $314.21.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the prior year, the firm earned $6.51 earnings per share. The firm’s revenue was up .3% compared to the same quarter last year. Research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

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 of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s dividend payout ratio is presently 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.