HBK Sorce Advisory LLC Purchases Shares of 4,223 The Travelers Companies, Inc. $TRV

HBK Sorce Advisory LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, HoldingsChannel reports. The firm purchased 4,223 shares of the insurance provider’s stock, valued at approximately $1,615,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TRV. HHM Wealth Advisors LLC raised its position in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC bought a new position in Travelers Companies in the 1st quarter worth $26,000. LifeSteps Financial Inc. bought a new position in Travelers Companies in the 2nd quarter worth $26,000. Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies in the 4th quarter worth $26,000. Finally, Osterweis Capital Management Inc. increased its stake in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Trading Up 0.0%

Shares of TRV stock opened at $370.49 on Monday. 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 stock has a market capitalization of $77.27 billion, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The stock’s 50-day moving average price is $345.99 and its 200-day moving average price is $315.49.

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

Travelers Companies Dividend Announcement

The company 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TRV shares. HSBC boosted their price objective on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price for the company. in a research report on Monday, July 20th. Wells Fargo & Company lifted their target price on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Evercore set a $329.00 price target on Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. Finally, Raymond James Financial set a $430.00 price target on Travelers Companies in a research note on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Travelers Companies has an average rating of “Hold” and a consensus target price of $354.26.

Insider Transactions at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 in the last 90 days. Company insiders own 1.39% of the company’s stock.

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.