Perigon Wealth Management LLC Has $11.20 Million Stake in The Travelers Companies, Inc. $TRV

Perigon Wealth Management LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 8.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 40,110 shares of the insurance provider’s stock after acquiring an additional 2,998 shares during the period. Perigon Wealth Management LLC’s holdings in Travelers Companies were worth $11,200,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Osterweis Capital Management Inc. grew its holdings in shares of 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. Missouri Trust & Investment Co raised its holdings in Travelers Companies by 122.2% in the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock valued at $27,000 after buying an additional 55 shares during the last quarter. Delos Wealth Advisors LLC acquired a new stake in Travelers Companies during the 2nd quarter worth approximately $27,000. Clayton Financial Group LLC bought a new stake in Travelers Companies during the 3rd quarter worth approximately $28,000. Finally, Quaker Wealth Management LLC lifted its holdings in shares of Travelers Companies by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares during the period. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 8,572 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The stock was sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the transaction, the executive vice president directly owned 33,638 shares of the company’s stock, valued at approximately $9,106,815.74. This represents a 20.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman William H. Heyman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $287.50, for a total value of $575,000.00. Following the completion of the transaction, the insider owned 255,086 shares in the company, valued at approximately $73,337,225. The trade was a 0.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 46,295 shares of company stock worth $13,011,918 over the last three months. 1.46% of the stock is currently owned by company insiders.

Travelers Companies Stock Down 0.6%

Shares of Travelers Companies stock opened at $292.03 on Friday. The stock’s 50-day moving average is $282.99 and its 200 day moving average is $273.45. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $296.85. The firm has a market cap of $65.14 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.87 and a beta of 0.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35.

Travelers Companies (NYSE:TRV) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, topping analysts’ consensus estimates of $6.01 by $2.13. The business had revenue of $12.47 billion during the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a return on equity of 20.28% and a net margin of 12.14%.The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the company posted $5.24 earnings per share. Equities research analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 10th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s payout ratio is 17.30%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TRV shares. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $304.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 20th. Wells Fargo & Company restated a “positive” rating on shares of Travelers Companies in a research report on Friday, October 17th. JPMorgan Chase & Co. upped their target price on Travelers Companies from $289.00 to $297.00 and gave the company an “underweight” rating in a report on Thursday, October 9th. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, Wolfe Research started coverage on shares of Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $294.25.

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.