BerganKDV Wealth Management LLC Buys 984 Shares of The Travelers Companies, Inc. (NYSE:TRV)

BerganKDV Wealth Management LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,663 shares of the insurance provider’s stock after acquiring an additional 984 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in The Travelers Companies were worth $3,243,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of The Travelers Companies by 7.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 243,331 shares of the insurance provider’s stock valued at $36,429,000 after acquiring an additional 17,504 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of The Travelers Companies by 1.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 1,751,843 shares of the insurance provider’s stock valued at $263,477,000 after acquiring an additional 26,266 shares in the last quarter. IFM Investors Pty Ltd increased its stake in shares of The Travelers Companies by 19.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 32,930 shares of the insurance provider’s stock valued at $4,930,000 after acquiring an additional 5,443 shares in the last quarter. Steel Peak Wealth Management LLC increased its stake in shares of The Travelers Companies by 8.5% in the 1st quarter. Steel Peak Wealth Management LLC now owns 38,504 shares of the insurance provider’s stock valued at $5,791,000 after acquiring an additional 3,015 shares in the last quarter. Finally, Perigon Wealth Management LLC bought a new stake in shares of The Travelers Companies in the 1st quarter valued at $4,719,000. Institutional investors own 81.84% of the company’s stock.

In related news, EVP Michael Frederick Klein sold 12,000 shares of the business’s stock in a transaction dated Monday, July 26th. The shares were sold at an average price of $149.22, for a total value of $1,790,640.00. Following the transaction, the executive vice president now directly owns 16,275 shares of the company’s stock, valued at approximately $2,428,555.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.92% of the stock is currently owned by insiders.

A number of analysts have commented on the stock. Morgan Stanley boosted their price target on shares of The Travelers Companies from $166.00 to $168.00 and gave the company an “equal weight” rating in a research note on Monday, August 16th. Bank of America lowered shares of The Travelers Companies from a “buy” rating to an “underperform” rating and decreased their price target for the company from $171.00 to $161.00 in a research note on Thursday, July 22nd. boosted their price target on shares of The Travelers Companies from $155.00 to $160.00 and gave the company a “neutral” rating in a research note on Monday, June 21st. Wolfe Research assumed coverage on shares of The Travelers Companies in a research note on Monday, August 16th. They set an “outperform” rating and a $180.00 price target for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of The Travelers Companies in a report on Wednesday, July 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, The Travelers Companies has a consensus rating of “Hold” and a consensus price target of $161.69.

Shares of NYSE:TRV traded up $1.24 during midday trading on Wednesday, reaching $157.59. The company had a trading volume of 20,375 shares, compared to its average volume of 1,231,312. The company’s 50 day moving average price is $155.06 and its 200 day moving average price is $154.63. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.25. The stock has a market cap of $39.32 billion, a P/E ratio of 10.52, a P/E/G ratio of 2.03 and a beta of 0.76. The Travelers Companies, Inc. has a 52-week low of $105.67 and a 52-week high of $163.29.

The Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Monday, July 19th. The insurance provider reported $3.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.39 by $1.06. The company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.53 billion. The Travelers Companies had a net margin of 11.30% and a return on equity of 12.71%. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.20) EPS. Research analysts forecast that The Travelers Companies, Inc. will post 12.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Friday, September 10th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, September 9th. The Travelers Companies’s dividend payout ratio (DPR) is currently 33.59%.

About The Travelers Companies

The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a broad array of property and casualty insurance, and insurance related services to its customers.

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Institutional Ownership by Quarter for The Travelers Companies (NYSE:TRV)

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