Proficio Capital Partners LLC Purchases New Holdings in The Travelers Companies, Inc. $TRV

Proficio Capital Partners LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,194 shares of the insurance provider’s stock, valued at approximately $724,000.

Several other large investors have also recently bought and sold shares of the company. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies during the second quarter worth $26,000. Kilter Group LLC acquired a new position in Travelers Companies in the second quarter valued at about $26,000. HHM Wealth Advisors LLC boosted its stake in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies during the fourth quarter worth $26,000. Finally, Whipplewood Advisors LLC bought a new position in Travelers Companies during the first quarter worth about $26,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 0.6%

Shares of NYSE TRV opened at $363.61 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The stock has a market capitalization of $75.84 billion, a P/E ratio of 9.74, a PEG ratio of 2.46 and a beta of 0.45. The stock’s fifty day moving average is $360.59 and its 200 day moving average is $321.90.

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

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is 13.39%.

Insiders Place Their Bets

In related news, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 27,535 shares in the company, valued at $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 is available through this hyperlink. Also, EVP Maria Olivo sold 6,000 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the transaction, the executive vice president directly owned 118,742 shares of the company’s stock, valued at $43,917,916.12. The trade was a 4.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 58,667 shares of company stock worth $21,830,989 over the last 90 days. Insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a research report on Monday, July 20th. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research note on Tuesday, May 26th. Raymond James Financial set a $430.00 price target on Travelers Companies in a report on Monday, July 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Four equities research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $354.26.

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.