PFG Investments LLC Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

PFG Investments LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the first quarter, HoldingsChannel reports. The firm bought 2,286 shares of the insurance provider’s stock, valued at approximately $526,000.

A number of other hedge funds have also recently modified their holdings of the business. First Command Advisory Services Inc. purchased a new position in Travelers Companies during the 3rd quarter valued at about $26,000. Arlington Trust Co LLC purchased a new stake in shares of Travelers Companies in the 3rd quarter worth approximately $27,000. Northwest Financial Advisors bought a new position in shares of Travelers Companies during the fourth quarter valued at $32,000. AM Squared Ltd raised its holdings in Travelers Companies by 100.0% in the third quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Finally, Private Wealth Management Group LLC purchased a new position in shares of Travelers Companies in the fourth quarter worth $39,000. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating on the stock in a report on Thursday, April 18th. Roth Mkm reaffirmed a “buy” rating and set a $240.00 price objective on shares of Travelers Companies in a report on Thursday, April 18th. Jefferies Financial Group cut their target price on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating for the company in a research note on Friday, April 19th. The Goldman Sachs Group boosted their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $223.47.

Travelers Companies Trading Down 0.3 %

Shares of TRV traded down $0.60 during midday trading on Monday, hitting $212.85. The stock had a trading volume of 1,454,622 shares, compared to its average volume of 1,495,367. The Travelers Companies, Inc. has a 1 year low of $157.33 and a 1 year high of $232.75. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The stock’s 50 day moving average is $221.41 and its 200 day moving average is $199.28. The firm has a market cap of $48.74 billion, a PE ratio of 15.81, a price-to-earnings-growth ratio of 1.11 and a beta of 0.58.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. The firm had revenue of $11.23 billion during the quarter, compared to analysts’ expectations of $10.62 billion. During the same period last year, the company earned $4.11 earnings per share. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, analysts forecast that The Travelers Companies, Inc. will post 17.74 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. The ex-dividend date is Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 1.97%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s payout ratio is presently 31.20%.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 38,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Daniel S. Frey sold 5,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $212.90, for a total value of $1,064,500.00. Following the completion of the sale, the chief financial officer now directly owns 18,515 shares of the company’s stock, valued at $3,941,843.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $212.55, for a total transaction of $8,076,900.00. Following the completion of the transaction, the chief financial officer now directly owns 14,810 shares of the company’s stock, valued at $3,147,865.50. The disclosure for this sale can be found here. Insiders have sold 80,734 shares of company stock valued at $17,208,404 in the last quarter. 1.33% of the stock is owned by insiders.

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.