Smith Partners Wealth Management LLC Makes New $650,000 Investment in The Travelers Companies, Inc. $TRV

Smith Partners Wealth Management LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, HoldingsChannel reports. The firm acquired 2,950 shares of the insurance provider’s stock, valued at approximately $650,000. Travelers Companies makes up approximately 0.5% of Smith Partners Wealth Management LLC’s portfolio, making the stock its 22nd largest position.

A number of other institutional investors also recently modified their holdings of the company. Berman McAleer LLC grew its position in Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after acquiring an additional 30 shares during the last quarter. Willner & Heller LLC increased its holdings in Travelers Companies by 2.7% during the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after purchasing an additional 32 shares in the last quarter. Spinnaker Trust raised its position in Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 33 shares during the last quarter. Cim LLC raised its position in Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after purchasing an additional 34 shares during the last quarter. Finally, Avalon Trust Co boosted its stake in Travelers Companies by 0.4% in the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after purchasing an additional 35 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.9%

Shares of NYSE TRV opened at $367.96 on Wednesday. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The firm’s 50-day moving average is $348.71 and its 200-day moving average is $316.68. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $76.74 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the firm posted $6.51 earnings per share. Travelers Companies’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

Analyst Upgrades and Downgrades

TRV has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Roth Capital lifted their price target on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $314.00 to $379.00 in a research report on Tuesday, July 21st. Wells Fargo & Company increased their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $354.26.

Insider Activity at Travelers Companies

In other news, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by company insiders.

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.