Pure Financial Advisors LLC Invests $1.04 Million in The Travelers Companies, Inc. $TRV

Pure Financial Advisors LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,158 shares of the insurance provider’s stock, valued at approximately $1,042,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Travelers Companies during the 2nd quarter worth about $6,915,909,000. State Street Corp raised its stake in shares of Travelers Companies by 3.1% in 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 raised its stake in shares of Travelers Companies by 2.3% in the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock worth $1,100,416,000 after purchasing an additional 85,298 shares during the last quarter. Legal & General Group Plc acquired a new stake in shares of Travelers Companies during the second quarter worth about $799,601,000. Finally, Dimensional Fund Advisors LP boosted 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 buying an additional 123,564 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 20th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price for the company. in a research report on Monday, July 13th. Finally, Piper Sandler upped their price target on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Price Performance

NYSE:TRV opened at $371.02 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company has a 50 day moving average price of $356.08 and a 200-day moving average price of $319.95. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The firm has a market cap of $77.39 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating 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 company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the business earned $6.51 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. Travelers Companies’s dividend payout ratio is presently 13.39%.

Insider Activity at Travelers Companies

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at $16,519,811.25. This represents a 11.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,667 shares of company stock valued at $19,611,829 in the last ninety days. 1.39% of the stock is currently owned by company insiders.

Travelers Companies 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.