1,861 Shares in The Travelers Companies, Inc. $TRV Purchased by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,861 shares of the insurance provider’s stock, valued at approximately $614,000.

Several other institutional investors have also recently bought and sold shares of TRV. Vanguard Group Inc. grew its stake in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after acquiring an additional 110,311 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Travelers Companies in the second quarter worth $6,915,909,000. State Street Corp boosted its holdings in Travelers Companies by 3.1% during the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after purchasing an additional 486,861 shares during the last quarter. Morgan Stanley grew its position in Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after purchasing an additional 85,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Travelers Companies by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after purchasing an additional 123,564 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Trading Down 1.6%

Travelers Companies stock opened at $364.50 on Tuesday. The stock has a 50-day simple moving average of $347.35 and a 200 day simple moving average of $316.08. The stock has a market capitalization of $76.03 billion, a P/E ratio of 9.76, a PEG ratio of 3.52 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data 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. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the prior year, the company earned $6.51 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TRV shares. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a research report on Monday, July 20th. UBS Group lifted their target price on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Evercore set a $329.00 target price on Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. HSBC increased their price target on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Finally, Roth Capital raised their price target on Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $354.26.

Insiders Place Their Bets

In related news, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction on Wednesday, July 22nd. The shares were 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 $3,894,939.51. This represents a 32.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 62,667 shares of company stock worth $22,688,329 in the last quarter. Company insiders own 1.39% of the company’s stock.

Travelers Companies Company 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.