69,819 Shares in The Travelers Companies, Inc. $TRV Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 69,819 shares of the insurance provider’s stock, valued at approximately $15,394,000.

A number of other institutional investors have also recently bought and sold shares of TRV. HHM Wealth Advisors LLC increased its position in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies in the 1st quarter worth about $26,000. LifeSteps Financial Inc. purchased a new position in shares of Travelers Companies in the 2nd quarter worth about $26,000. Kemnay Advisory Services Inc. bought a new position in Travelers Companies during the fourth quarter valued at about $26,000. Finally, Osterweis Capital Management Inc. grew its position in Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares during the period. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In related news, EVP Diane Kurtzman sold 4,164 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the sale, the executive vice president directly owned 5,298 shares in the company, valued at approximately $2,048,789.58. The trade was a 44.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction dated 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 in the company, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on TRV shares. Barclays lifted their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. UBS Group increased their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. BMO Capital Markets lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Roth Capital lifted their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company upped their price objective on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $354.26.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $362.47 on Thursday. The firm has a market capitalization of $75.60 billion, a PE ratio of 9.71, a P/E/G ratio of 3.50 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $349.88 and a two-hundred day moving average price of $317.23. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70.

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

Travelers Companies Dividend Announcement

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 issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

Travelers Companies Profile

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.