Northcape Wealth Management LLC Buys New Shares in The Travelers Companies, Inc. $TRV

Northcape Wealth Management LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, Holdings Channel.com reports. The fund bought 2,400 shares of the insurance provider’s stock, valued at approximately $792,000.

Several other large investors also recently bought and sold shares of TRV. LifeSteps Financial Inc. acquired a new stake in Travelers Companies in the 2nd quarter valued at about $26,000. HHM Wealth Advisors LLC grew its position in shares of 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 buying an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies during the first quarter worth approximately $26,000. Finally, Osterweis Capital Management Inc. increased its stake 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 buying an additional 91 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.5%

TRV opened at $362.47 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The business’s 50 day moving average is $349.88 and its two-hundred day moving average is $317.23. The firm has a market cap of $75.60 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 3.50 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company’s revenue was up .3% compared to the same quarter last year. During the same period in the prior year, the company earned $6.51 earnings per share. 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 declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s dividend payout ratio is 13.39%.

Wall Street Analyst Weigh In

TRV has been the subject of a number of recent research reports. Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Weiss Ratings restated a “buy (a-)” rating on shares of Travelers Companies in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Finally, Bank of America boosted their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $354.26.

Insider Activity

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies 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 transaction, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 22nd. The shares were 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 directly owned 10,479 shares of the company’s stock, valued at $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,667 shares of company stock worth $22,688,329 over the last 90 days. 1.39% of the stock is owned by corporate insiders.

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.