Pure Financial Advisors LLC Invests $1.04 Million in The Travelers Companies, Inc. $TRV

Pure Financial Advisors LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 3,158 shares of the insurance provider’s stock, valued at approximately $1,042,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC raised its position in shares of Travelers Companies by 145.7% in the first 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 during the last quarter. Whipplewood Advisors LLC purchased a new position in Travelers Companies in the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies in the 2nd quarter worth approximately $26,000. Kilter Group LLC acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $26,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV opened at $371.02 on Thursday. The stock has a fifty day simple moving average of $356.08 and a 200-day simple moving average of $319.95. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market cap of $77.39 billion, a PE ratio of 9.94, a P/E/G ratio of 3.51 and a beta of 0.45. 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 posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the prior year, the company posted $6.51 earnings per share. Travelers Companies’s revenue for the quarter was up .3% compared to the same quarter last year. Equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Wall Street Analyst Weigh In

Several analysts have issued reports on TRV shares. Truist Financial upped their target price on Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. Wells Fargo & Company boosted their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a report on Tuesday, May 26th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Finally, Evercore set a $329.00 target price on shares of Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Four equities 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 company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $354.26.

Insider Transactions at Travelers Companies

In related news, EVP Diane Kurtzman sold 4,164 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the sale, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. The trade was a 44.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,667 shares of company stock worth $19,611,829 in the last three months. Company insiders own 1.39% of the company’s stock.

Travelers Companies 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.