The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 51.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,994 shares of the insurance provider’s stock after buying an additional 674 shares during the period. AE Wealth Management LLC’s holdings in Travelers Companies were worth $406,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies during the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies in the 1st quarter worth $35,000. Beacon Capital Management LLC raised its stake in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after buying an additional 66 shares in the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Travelers Companies in the first quarter valued at $42,000. Finally, Tributary Capital Management LLC bought a new position in Travelers Companies during the first quarter valued at about $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.33% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. William Blair restated a “market perform” rating on shares of Travelers Companies in a research report on Friday, June 28th. Citigroup upped their price target on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, StockNews.com raised Travelers Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 20th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $227.05.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $236.10 on Friday. The business’s 50-day moving average price is $222.65 and its two-hundred day moving average price is $217.94. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48. The company has a market capitalization of $54.07 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.24 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Analysts anticipate that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $1.05 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.78%. Travelers Companies’s dividend payout ratio is presently 31.20%.

About Travelers Companies

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.