Proficio Capital Partners LLC Invests $724,000 in The Travelers Companies, Inc. $TRV

Proficio Capital Partners LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,194 shares of the insurance provider’s stock, valued at approximately $724,000.

Other institutional investors have also bought and sold shares of the company. LifeSteps Financial Inc. acquired a new position in shares of Travelers Companies during the second quarter valued at approximately $26,000. Kilter Group LLC acquired a new stake in Travelers Companies in the second quarter worth approximately $26,000. HHM Wealth Advisors LLC boosted its stake in 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 in the last quarter. Kemnay Advisory Services Inc. bought a new position in Travelers Companies during the 4th quarter valued at $26,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies during the 1st quarter valued at $26,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,667 shares of company stock valued at $19,611,829 over the last three months. 1.39% of the stock is owned by insiders.

Travelers Companies Stock Up 0.4%

Shares of Travelers Companies stock opened at $371.02 on Thursday. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The firm has a market capitalization of $77.39 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 3.51 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 stock’s fifty day moving average is $356.08 and its 200-day moving average is $319.95.

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

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a report on Monday, July 13th. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research report on Tuesday, May 26th. BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and upped their price target for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Bank of America raised their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research report on Monday, July 20th. Finally, Evercore set a $329.00 price objective on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Four 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $354.26.

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.