TRB Wealth Management LLC Makes New $887,000 Investment in The Travelers Companies, Inc. $TRV

TRB Wealth Management LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 4,023 shares of the insurance provider’s stock, valued at approximately $887,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in Travelers Companies during the 4th quarter valued at $276,000. WINTON GROUP Ltd bought a new stake in Travelers Companies during the 2nd quarter valued at $382,000. CIBC Asset Management Inc boosted its position in Travelers Companies by 13.9% during the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock valued at $18,336,000 after buying an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina boosted its position in Travelers Companies by 2.0% during the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock valued at $28,254,000 after buying an additional 2,117 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Roth Capital increased their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Bank of America boosted their price target on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Finally, Cantor Fitzgerald upped their price target on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $354.26.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the transaction, 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. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 over the last ninety days. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Stock Down 0.2%

Shares of Travelers Companies stock opened at $363.83 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The company has a market cap of $75.88 billion, a P/E ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The company’s fifty day simple moving average is $352.28 and its two-hundred day simple moving average is $318.12.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the company posted $6.51 EPS. Research analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued 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 (DPR) is 13.39%.

About Travelers Companies

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.