State of Wyoming Invests $720,000 in The Travelers Companies, Inc. $TRV

State of Wyoming purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,180 shares of the insurance provider’s stock, valued at approximately $720,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TRV. HHM Wealth Advisors LLC grew its position in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies during the 1st quarter valued at approximately $26,000. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies during the 2nd quarter valued at approximately $26,000. Kemnay Advisory Services Inc. bought a new position in Travelers Companies during the fourth quarter worth $26,000. Finally, Osterweis Capital Management Inc. lifted its stake in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRV. Roth Capital boosted their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. HSBC raised their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Cantor Fitzgerald boosted their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Finally, Bank of America raised their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. 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 assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $354.26.

Insiders Place Their Bets

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the transaction, the executive vice president directly owned 9,213 shares of the company’s stock, valued at $3,393,884.94. This represents a 63.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction on Friday, July 24th. The shares were 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 in the company, valued at $26,638,758. The trade was a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by company insiders.

Travelers Companies Stock Performance

TRV stock opened at $370.49 on Monday. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The stock has a market capitalization of $77.27 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 3.52 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 stock’s fifty day moving average is $345.99 and its two-hundred day moving average is $315.49.

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 the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the prior year, the firm earned $6.51 earnings per share. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

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 dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Travelers Companies’s payout ratio is currently 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.