Principle Wealth Partners LLC Buys Shares of 15,470 The Travelers Companies, Inc. $TRV

Principle Wealth Partners LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,470 shares of the insurance provider’s stock, valued at approximately $5,107,000.

A number of other institutional investors have also modified their holdings of TRV. Norges Bank purchased a new position in shares of Travelers Companies during the fourth quarter valued at approximately $723,339,000. Bank of New York Mellon Corp purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $469,505,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $205,539,000. State Street Corp raised its holdings in Travelers Companies by 3.1% in the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after acquiring an additional 486,861 shares during the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in Travelers Companies by 102.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 908,559 shares of the insurance provider’s stock valued at $263,537,000 after acquiring an additional 458,746 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Down 1.6%

Shares of TRV opened at $364.50 on Tuesday. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The company’s fifty day moving average is $347.35 and its two-hundred day moving average is $316.08. The firm has a market cap of $76.03 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 3.52 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.

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

Travelers Companies Dividend Announcement

The company also recently declared 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. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is 13.39%.

Insider Buying and Selling

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 10,479 shares in the company, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TRV shares. TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a report on Monday, July 13th. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. UBS Group increased their target price on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Finally, Mizuho lifted their price target on Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a report on Friday, July 24th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.