Perigon Wealth Management LLC Purchases 202 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Perigon Wealth Management LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 0.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,612 shares of the insurance provider’s stock after purchasing an additional 202 shares during the quarter. Perigon Wealth Management LLC’s holdings in Travelers Companies were worth $9,418,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Bank of America Corp DE raised its holdings in Travelers Companies by 236.9% during the 4th quarter. Bank of America Corp DE now owns 3,507,219 shares of the insurance provider’s stock worth $844,854,000 after purchasing an additional 2,466,098 shares during the last quarter. Norges Bank bought a new stake in Travelers Companies during the 4th quarter worth about $560,918,000. GAMMA Investing LLC raised its holdings in Travelers Companies by 31,132.9% during the 1st quarter. GAMMA Investing LLC now owns 2,203,481 shares of the insurance provider’s stock worth $582,733,000 after purchasing an additional 2,196,426 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Travelers Companies by 153.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,497,339 shares of the insurance provider’s stock worth $360,694,000 after purchasing an additional 907,266 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Travelers Companies during the 4th quarter worth about $138,619,000. 82.45% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Maria Olivo sold 36,199 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $274.20, for a total value of $9,925,765.80. Following the completion of the sale, the executive vice president now owns 118,116 shares of the company’s stock, valued at approximately $32,387,407.20. This represents a 23.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Donnay Rowland sold 12,069 shares of the stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $274.01, for a total value of $3,307,026.69. Following the completion of the sale, the executive vice president now owns 11,731 shares in the company, valued at approximately $3,214,411.31. This trade represents a 50.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 163,869 shares of company stock valued at $44,868,201. 1.46% of the stock is owned by insiders.

Travelers Companies Trading Down 2.0%

NYSE:TRV opened at $260.70 on Thursday. The Travelers Companies, Inc. has a twelve month low of $200.21 and a twelve month high of $277.83. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $267.01 and a two-hundred day moving average price of $254.31. The company has a market cap of $58.88 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 3.89 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Wednesday, April 16th. The insurance provider reported $1.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $1.38. Travelers Companies had a return on equity of 16.10% and a net margin of 9.09%. The firm had revenue of $10.52 billion during the quarter, compared to the consensus estimate of $10.97 billion. During the same quarter in the prior year, the firm posted $4.69 EPS. As a group, analysts expect that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from Travelers Companies’s previous quarterly dividend of $1.05. Travelers Companies’s dividend payout ratio is presently 23.95%.

Analyst Ratings Changes

Several brokerages have weighed in on TRV. Barclays dropped their price objective on Travelers Companies from $287.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, April 11th. HSBC cut Travelers Companies from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Monday, March 24th. Hsbc Global Res cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 24th. Morgan Stanley set a $269.00 price target on Travelers Companies and gave the company an “equal weight” rating in a research note on Monday, May 19th. Finally, UBS Group lowered their price target on Travelers Companies from $270.00 to $267.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $271.11.

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.