4,223 Shares in The Travelers Companies, Inc. $TRV Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,223 shares of the insurance provider’s stock, valued at approximately $1,615,000.

Several other large investors also recently added to or reduced their stakes in TRV. Peachtree Investment Partners LLC bought a new stake in shares of Travelers Companies in the second quarter valued at approximately $320,000. Briggs Wealth Management Inc purchased a new position in Travelers Companies during the second quarter worth about $266,000. Barden Capital Management Inc. bought a new position in shares of Travelers Companies in the second quarter worth approximately $1,180,000. Flputnam Investment Management Co. bought a new position in shares of Travelers Companies in the 2nd quarter worth $1,362,000. Finally, Global Retirement Partners LLC purchased a new stake in Travelers Companies during the second quarter valued at about $1,779,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Price Performance

NYSE TRV opened at $370.49 on Monday. 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 has a 50-day moving average of $345.99 and a 200 day moving average of $315.49. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company 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.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.51 earnings per share. On average, sell-side analysts forecast 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 paid a $1.25 dividend. 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 is 13.39%.

Wall Street Analyst Weigh In

Several research firms have commented on TRV. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research note on Wednesday, August 5th. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research report on Tuesday, May 26th. Cantor Fitzgerald lifted their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target on the stock. in a research report on Monday, July 20th. Finally, Citigroup restated a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Four equities research 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 given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Company 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.