Thurston Springer Miller Herd & Titak Inc. Acquires Shares of 426 The Travelers Companies, Inc. (NYSE:TRV)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 426 shares of the insurance provider’s stock, valued at approximately $87,000.

Other institutional investors also recently modified their holdings of the company. Wealth Quarterback LLC increased its position in Travelers Companies by 1.1% during the 4th quarter. Wealth Quarterback LLC now owns 4,333 shares of the insurance provider’s stock valued at $825,000 after purchasing an additional 49 shares during the period. Kapitalo Investimentos Ltda lifted its holdings in Travelers Companies by 24.1% in the fourth quarter. Kapitalo Investimentos Ltda now owns 252 shares of the insurance provider’s stock worth $48,000 after buying an additional 49 shares during the period. Massmutual Trust Co. FSB ADV grew its holdings in shares of Travelers Companies by 9.8% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 561 shares of the insurance provider’s stock worth $129,000 after acquiring an additional 50 shares during the period. Norwood Financial Corp raised its position in shares of Travelers Companies by 16.1% in the 1st quarter. Norwood Financial Corp now owns 360 shares of the insurance provider’s stock worth $83,000 after acquiring an additional 50 shares in the last quarter. Finally, Grimes & Company Inc. boosted its position in shares of Travelers Companies by 2.2% during the fourth quarter. Grimes & Company Inc. now owns 2,420 shares of the insurance provider’s stock valued at $461,000 after purchasing an additional 53 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of Travelers Companies stock traded up $1.91 during trading hours on Wednesday, reaching $210.19. 73,465 shares of the stock traded hands, compared to its average volume of 1,371,957. The company has a 50 day moving average price of $209.61 and a 200 day moving average price of $215.28. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $47.91 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.11 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. On average, equities research analysts expect that The Travelers Companies, Inc. will post 17.19 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. UBS Group dropped their target price on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating on the stock in a report on Monday, April 22nd. Roth Mkm reaffirmed a “buy” rating and set a $240.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. The Goldman Sachs Group boosted their price target on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research report on Friday, April 12th. JPMorgan Chase & Co. increased their target price on Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a research note on Thursday, July 11th. Finally, Bank of America raised their price target on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a report on Monday, July 22nd. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $221.11.

Insider Activity

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.33% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.