M Holdings Securities Inc. Acquires 1,281 Shares of The Travelers Companies, Inc. $TRV

M Holdings Securities Inc. acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,281 shares of the insurance provider’s stock, valued at approximately $495,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. LifeSteps Financial Inc. purchased a new position in Travelers Companies in the 2nd quarter valued at about $26,000. Kilter Group LLC purchased a new stake in shares of Travelers Companies during the second quarter worth about $26,000. Latitude Advisors LLC purchased a new stake in shares of Travelers Companies during the third quarter worth about $28,000. Delos Wealth Advisors LLC purchased a new stake in shares of Travelers Companies during the second quarter worth about $30,000. Finally, NFSG Corp raised its position in shares of Travelers Companies by 1,311.1% in the first quarter. NFSG Corp now owns 127 shares of the insurance provider’s stock valued at $37,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the subject of several recent analyst reports. Morgan Stanley lifted their target price on shares of Travelers Companies from $330.00 to $350.00 and gave the stock an “underweight” rating in a research note on Friday, October 23rd. Evercore reduced their price target on Travelers Companies from $372.00 to $342.00 in a research note on Wednesday, October 28th. Zacks Research cut Travelers Companies from a “strong-buy” rating to a “hold” rating in a report on Friday, October 9th. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $339.00 to $350.00 in a report on Monday, July 20th. Finally, Weiss Ratings raised Travelers Companies from a “buy (a)” rating to a “buy (a+)” rating in a research report on Friday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $370.83.

Travelers Companies Trading Down 0.4%

Shares of TRV stock opened at $399.32 on Thursday. The firm’s 50-day simple moving average is $379.57 and its 200-day simple moving average is $334.60. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $268.00 and a 1-year high of $418.00. The firm has a market cap of $81.84 billion, a P/E ratio of 10.47, a PEG ratio of 2.77 and a beta of 0.40.

Travelers Companies (NYSE:TRV) last released its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.39 by $1.79. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. The firm had revenue of $12.41 billion during the quarter, compared to the consensus estimate of $11.36 billion. During the same period in the previous year, the firm earned $8.14 earnings per share. Travelers Companies’s revenue was down .5% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 36.27 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.11%.

Insider Buying and Selling

In related news, EVP Maria Olivo sold 15,100 shares of the stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $398.44, for a total value of $6,016,444.00. Following the transaction, the executive vice president directly owned 103,642 shares of the company’s stock, valued at approximately $41,295,118.48. This trade represents a 12.72% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey Klenk sold 9,016 shares of Travelers Companies stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $405.57, for a total value of $3,656,619.12. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at $2,463,837.75. The trade was a 59.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 195,287 shares of company stock worth $77,818,050 over the last 90 days. Company insiders own 1.39% of the company’s stock.

Travelers Companies Company Profile

The Travelers Companies, Inc. is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers’ compensation and commercial auto insurance. The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.