Oxford Financial Group LTD. LLC Invests $895,000 in The Travelers Companies, Inc. $TRV

Oxford Financial Group LTD. LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,060 shares of the insurance provider’s stock, valued at approximately $895,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in 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 during the period. BlackRock Inc. acquired a new position in shares of Travelers Companies in the 2nd quarter valued at about $6,915,909,000. State Street Corp boosted its position in shares of Travelers Companies by 3.1% during 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 purchasing an additional 486,861 shares in the last quarter. Morgan Stanley boosted its position in shares of Travelers Companies by 2.3% during the 4th 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 stake in Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after purchasing an additional 123,564 shares during the period. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This trade represents a 9.41% 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 Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction dated 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 transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This trade represents a 44.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,667 shares of company stock worth $22,688,329 over the last ninety days. Insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Raymond James Financial set a $430.00 target price on Travelers Companies in a report on Monday, July 20th. HSBC raised their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Citigroup reiterated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Bank of America increased their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Finally, Mizuho raised their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Four 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 assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Stock Performance

NYSE TRV opened at $364.79 on Friday. The company has a market cap of $76.09 billion, a P/E ratio of 9.77, a PEG ratio of 3.44 and a beta of 0.45. The company has a fifty day simple moving average of $351.09 and a 200 day simple moving average of $317.80. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month 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 for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the company posted $6.51 earnings per share. The business’s revenue was up .3% on a year-over-year basis. Sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

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.