United Capital Financial Advisors LLC Makes New $3.70 Million Investment in The Travelers Companies, Inc. $TRV

United Capital Financial Advisors LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,218 shares of the insurance provider’s stock, valued at approximately $3,703,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HHM Wealth Advisors LLC boosted its holdings in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Travelers Companies in the 1st quarter valued at $26,000. LifeSteps Financial Inc. acquired a new stake in Travelers Companies in the 2nd quarter valued at $26,000. Kilter Group LLC bought a new stake in Travelers Companies during the 2nd quarter worth about $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the 4th quarter worth about $26,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In related news, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction on 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 completion of the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,667 shares of company stock worth $19,611,829 in the last three months. 1.39% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TRV shares. Barclays raised their price objective on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Weiss Ratings upgraded Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday, August 20th. BMO Capital Markets lowered Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $314.00 to $379.00 in a research report on Tuesday, July 21st. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Up 0.1%

Travelers Companies stock opened at $369.85 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company’s 50-day moving average is $358.56 and its 200-day moving average is $320.77. The firm has a market capitalization of $77.14 billion, a PE ratio of 9.90, a P/E/G ratio of 3.51 and a beta of 0.45. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70.

Travelers Companies (NYSE:TRV) last posted 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. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company posted $6.51 earnings per share. Sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.

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.