HB Wealth Management LLC Increases Stock Position in The Travelers Companies, Inc. $TRV

HB Wealth Management LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 9.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,937 shares of the insurance provider’s stock after buying an additional 1,801 shares during the period. HB Wealth Management LLC’s holdings in Travelers Companies were worth $6,107,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of TRV. HHM Wealth Advisors LLC lifted 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 acquiring an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Travelers Companies in the fourth quarter valued at $28,000. Finally, Entrust Financial LLC bought a new stake in shares of Travelers Companies during the 4th quarter valued at $31,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Travelers Companies

In related news, Vice Chairman William H. Heyman sold 1,557 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $310.64, for a total value of $483,666.48. Following the transaction, the insider directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 37,573 shares of company stock valued at $11,504,146 in the last ninety days. Insiders own 1.39% of the company’s stock.

Travelers Companies Trading Down 0.2%

Shares of TRV stock opened at $341.65 on Friday. The company has a market capitalization of $72.65 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 3.09 and a beta of 0.46. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $342.31. The business’s fifty day moving average is $306.77 and its 200 day moving average is $298.09. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. The business had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm’s revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.91 earnings per share. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.10. This represents a $5.00 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s payout ratio is presently 14.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on TRV shares. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. Brean Capital started coverage on Travelers Companies in a research report on Thursday, March 12th. They set a “neutral” rating on the stock. BMO Capital Markets increased their price target on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a report on Monday, April 20th. Finally, Roth Mkm restated a “buy” rating on shares of Travelers Companies in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $309.07.

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.