Northcape Wealth Management LLC Buys 300 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Northcape Wealth Management LLC grew its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 14.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,400 shares of the insurance provider’s stock after purchasing an additional 300 shares during the quarter. Northcape Wealth Management LLC’s holdings in Travelers Companies were worth $488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Financial Advisors bought a new stake in Travelers Companies during the fourth quarter valued at $32,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at about $35,000. Beacon Capital Management LLC grew its stake in Travelers Companies by 74.2% during the first quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 66 shares during the period. Private Wealth Management Group LLC bought a new stake in Travelers Companies in the fourth quarter worth approximately $39,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of Travelers Companies during the 1st quarter worth approximately $42,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total transaction of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.33% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on TRV. Morgan Stanley dropped their target price on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research report on Monday, July 22nd. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $223.78.

Travelers Companies Stock Up 1.8 %

Travelers Companies stock traded up $3.96 during midday trading on Friday, hitting $221.82. 1,142,811 shares of the stock were exchanged, compared to its average volume of 1,347,290. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $232.75. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average price is $210.85 and its 200-day moving average price is $215.49. The stock has a market capitalization of $50.80 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.12 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. On average, research analysts expect that The Travelers Companies, Inc. will post 17.23 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Travelers Companies Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.