Flavin Financial Services Inc. Buys Shares of 4,138 The Travelers Companies, Inc. $TRV

Flavin Financial Services Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,138 shares of the insurance provider’s stock, valued at approximately $912,000.

Other institutional investors also recently modified their holdings of the company. HHM Wealth Advisors LLC raised its position in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Whipplewood Advisors LLC bought a new stake in Travelers Companies in the first quarter valued at approximately $26,000. LifeSteps Financial Inc. acquired a new stake in Travelers Companies in the second quarter worth $26,000. Kilter Group LLC acquired a new stake in Travelers Companies in the second quarter worth $26,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies during the fourth quarter worth $26,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRV has been the subject of several research analyst reports. Weiss Ratings raised shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday. Wells Fargo & Company lifted their target price on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. UBS Group boosted their target price on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. The Goldman Sachs Group downgraded Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a report on Monday, July 20th. Finally, HSBC raised their price target on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $354.26.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies 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 sale, the chief financial officer owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the sale, the executive vice president owned 9,213 shares in the company, valued at $3,393,884.94. The trade was a 63.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 62,667 shares of company stock valued at $22,688,329 in the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Up 0.1%

Shares of NYSE:TRV opened at $363.83 on Monday. The firm has a market cap of $75.89 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company’s fifty day simple moving average is $352.28 and its 200 day simple moving average is $318.35. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.51 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given 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 of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 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.