Shorepoint Capital Partners LLC Purchases New Shares in The Travelers Companies, Inc. $TRV

Shorepoint Capital Partners LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 39,589 shares of the insurance provider’s stock, valued at approximately $11,054,000. Travelers Companies makes up about 2.2% of Shorepoint Capital Partners LLC’s holdings, making the stock its 8th biggest position.

A number of other hedge funds have also bought and sold shares of TRV. Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Missouri Trust & Investment Co increased its stake in Travelers Companies by 122.2% during the 2nd quarter. Missouri Trust & Investment Co now owns 100 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 55 shares during the period. Delos Wealth Advisors LLC bought a new stake in shares of Travelers Companies during the 2nd quarter valued at $27,000. Quaker Wealth Management LLC grew its holdings in shares of Travelers Companies by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 104 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 208 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the 2nd quarter worth $30,000. 82.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TRV. The Goldman Sachs Group reiterated a “buy” rating on shares of Travelers Companies in a research note on Friday, October 17th. UBS Group lifted their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Barclays set a $313.00 target price on Travelers Companies in a report on Wednesday, October 8th. Wolfe Research started coverage on Travelers Companies in a report on Monday, September 15th. They set a “peer perform” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Travelers Companies in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $294.25.

Travelers Companies Trading Up 1.9%

Shares of TRV stock opened at $290.63 on Tuesday. The firm has a market capitalization of $64.83 billion, a P/E ratio of 11.43, a P/E/G ratio of 2.80 and a beta of 0.53. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $279.40 and its 200 day simple moving average is $272.18. The Travelers Companies, Inc. has a twelve month low of $230.23 and a twelve month high of $296.85.

Travelers Companies (NYSE:TRV) last posted its earnings results on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, topping the consensus estimate of $6.01 by $2.13. The business had revenue of $12.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $5.24 EPS. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.5%. Travelers Companies’s dividend payout ratio is presently 17.30%.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $270.73, for a total transaction of $2,320,697.56. Following the completion of the transaction, the executive vice president owned 33,638 shares in the company, valued at approximately $9,106,815.74. This trade represents a 20.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel S. Frey sold 25,000 shares of Travelers Companies stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $278.25, for a total transaction of $6,956,250.00. Following the transaction, the chief financial officer directly owned 26,932 shares of the company’s stock, valued at $7,493,829. This represents a 48.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 46,295 shares of company stock worth $13,011,918. 1.46% of the stock is owned by company insiders.

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.