Argent Advisors Inc. Buys 81 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Argent Advisors Inc. boosted its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,803 shares of the insurance provider’s stock after purchasing an additional 81 shares during the period. Argent Advisors Inc.’s holdings in Travelers Companies were worth $1,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in TRV. Northwest Financial Advisors bought a new position in Travelers Companies in the 4th quarter valued at approximately $32,000. Pathway Financial Advisers LLC bought a new position in Travelers Companies in the 1st quarter valued at approximately $35,000. Beacon Capital Management LLC lifted its stake in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. Private Wealth Management Group LLC bought a new position in Travelers Companies in the 4th quarter valued at approximately $39,000. Finally, Opal Wealth Advisors LLC bought a new position in Travelers Companies in the 1st quarter valued at approximately $42,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.7 %

TRV traded up $1.58 during midday trading on Friday, hitting $227.91. The company had a trading volume of 1,466,402 shares, compared to its average volume of 1,334,908. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week 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 company has a market capitalization of $52.19 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.16 and a beta of 0.61. The stock’s 50 day moving average price is $212.05 and its 200 day moving average price is $215.77.

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

Travelers Companies Announces Dividend

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 paid a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. StockNews.com raised shares of Travelers Companies from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. TD Cowen downgraded shares of Travelers Companies from a “buy” rating to a “hold” rating and dropped their price target for the company from $252.00 to $230.00 in a research note on Monday, July 15th. Piper Sandler dropped their price target on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating for the company in a research note on Monday, July 22nd. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, June 28th. Finally, Bank of America raised their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $223.78.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Thursday, July 25th. The shares were 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 directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.33% of the company’s stock.

About Travelers Companies

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.