Elevation Point Wealth Partners LLC Purchases Shares of 5,597 The Travelers Companies, Inc. $TRV

Elevation Point Wealth Partners LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,597 shares of the insurance provider’s stock, valued at approximately $1,848,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its stake 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 buying an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Travelers Companies in the 1st quarter worth $26,000. LifeSteps Financial Inc. purchased a new stake in Travelers Companies in the 2nd quarter worth $26,000. Kilter Group LLC bought a new stake in Travelers Companies during the second quarter valued at about $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the fourth quarter valued at about $26,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Up 0.1%

Shares of Travelers Companies stock opened at $363.83 on Monday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. 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 business has a 50-day moving average price of $352.28 and a 200-day moving average price of $318.35. The firm has a market cap of $75.89 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45.

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

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 13.39%.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of the company’s 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 sale, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 62,667 shares of company stock worth $22,688,329. Company insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TRV. 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 research note on Wednesday, July 8th. Evercore set a $329.00 target price on Travelers Companies and gave the company an “in-line” rating in a research note on Friday, July 10th. Roth Capital boosted their price target on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Mizuho upped their price target on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, HSBC increased their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. Four 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $354.26.

About Travelers Companies

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.