Northcape Wealth Management LLC Acquires Shares of 2,291 The Travelers Companies, Inc. $TRV

Northcape Wealth Management LLC bought a new position 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 Securities and Exchange Commission. The institutional investor bought 2,291 shares of the insurance provider’s stock, valued at approximately $505,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Travelers Companies by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock valued at $6,413,207,000 after buying an additional 110,311 shares during the period. BlackRock Inc. bought a new position in Travelers Companies during the 2nd quarter worth $6,915,909,000. State Street Corp increased its stake in Travelers Companies by 3.1% during the 4th quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock worth $4,641,093,000 after acquiring an additional 486,861 shares during the period. Morgan Stanley raised its holdings in Travelers Companies by 2.3% in the 4th quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock valued at $1,100,416,000 after acquiring an additional 85,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Travelers Companies by 3.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock valued at $1,016,433,000 after acquiring an additional 123,564 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of TRV stock opened at $362.47 on Thursday. The business has a fifty day simple moving average of $349.88 and a 200 day simple moving average of $317.23. The company has a market cap of $75.60 billion, a P/E ratio of 9.71, a P/E/G ratio of 3.50 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. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $6.51 earnings per share. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Insider Activity at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction that occurred 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 owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction that occurred 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 owned 45,125 shares in the company, valued at $16,519,811.25. This represents a 11.74% 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 worth $22,688,329 in the last ninety days. Insiders own 1.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on TRV shares. Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research note on Wednesday, August 5th. Finally, BMO Capital Markets lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and raised their target price for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Four research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $354.26.

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.