Accurate Wealth Management LLC Acquires Shares of 1,166 The Travelers Companies, Inc. $TRV

Accurate Wealth Management LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, Holdings Channel.com reports. The firm bought 1,166 shares of the insurance provider’s stock, valued at approximately $299,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC increased its position in Travelers Companies by 700.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 84 shares during the period. Greykasell Wealth Strategies Inc. purchased a new stake in shares of Travelers Companies in the first quarter valued at approximately $26,000. Ameriflex Group Inc. acquired a new position in Travelers Companies during the fourth quarter worth $26,000. Nova Wealth Management Inc. purchased a new position in Travelers Companies in the second quarter worth $32,000. Finally, Flaharty Asset Management LLC acquired a new stake in Travelers Companies in the first quarter valued at $32,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,820 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president directly owned 18,416 shares in the company, valued at approximately $4,900,865.92. This represents a 38.45% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.46% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TRV shares. Keefe, Bruyette & Woods upped their price target on shares of Travelers Companies from $304.00 to $316.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Barclays lowered shares of Travelers Companies from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $280.00 to $274.00 in a research report on Monday, July 7th. UBS Group boosted their price target on Travelers Companies from $275.00 to $284.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Wolfe Research started coverage on Travelers Companies in a research note on Monday, September 15th. They issued a “peer perform” rating for the company. Finally, Cantor Fitzgerald upgraded Travelers Companies to a “strong-buy” rating in a research report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $284.56.

Travelers Companies Stock Performance

Travelers Companies stock opened at $274.24 on Friday. 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 fifty-two week low of $224.62 and a fifty-two week high of $280.70. The stock has a fifty day moving average of $269.76 and a two-hundred day moving average of $264.58. The company has a market capitalization of $61.74 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 3.18 and a beta of 0.53.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, July 17th. The insurance provider reported $6.51 EPS for the quarter, beating analysts’ consensus estimates of $3.52 by $2.99. The business had revenue of $11.54 billion for the quarter, compared to analyst estimates of $11.02 billion. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.51 earnings per share. On average, analysts anticipate that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, September 10th. Travelers Companies’s payout ratio is currently 19.46%.

Travelers Companies Company 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.