Pinnacle Wealth Management Advisory Group LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,391 shares of the insurance provider’s stock after buying an additional 216 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in The Travelers Companies were worth $358,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the company. Ironwood Wealth Management LLC. boosted its holdings in The Travelers Companies by 92.8% in the first quarter. Ironwood Wealth Management LLC. now owns 808 shares of the insurance provider’s stock valued at $122,000 after acquiring an additional 389 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in The Travelers Companies by 14.5% in the first quarter. Envestnet Asset Management Inc. now owns 225,827 shares of the insurance provider’s stock valued at $33,964,000 after acquiring an additional 28,669 shares during the last quarter. GSB Wealth Management LLC bought a new position in The Travelers Companies in the first quarter valued at about $1,095,000. Associated Banc Corp boosted its holdings in The Travelers Companies by 73.0% in the first quarter. Associated Banc Corp now owns 3,101 shares of the insurance provider’s stock valued at $308,000 after acquiring an additional 1,309 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in The Travelers Companies by 13.4% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 15,613 shares of the insurance provider’s stock valued at $2,348,000 after acquiring an additional 1,841 shares during the last quarter. Institutional investors own 81.84% of the company’s stock.
TRV has been the topic of several recent research reports. Wolfe Research initiated coverage on The Travelers Companies in a report on Monday, August 16th. They issued an “outperform” rating and a $180.00 price target on the stock. Morgan Stanley raised their target price on The Travelers Companies from $166.00 to $168.00 and gave the stock an “equal weight” rating in a report on Monday, August 16th. Bank of America cut The Travelers Companies from a “buy” rating to an “underperform” rating and reduced their target price for the stock from $171.00 to $161.00 in a report on Thursday, July 22nd. William Blair restated an “outperform” rating on shares of The Travelers Companies in a report on Wednesday, July 21st. Finally, raised their target price on The Travelers Companies from $155.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, June 21st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $161.69.
Shares of The Travelers Companies stock opened at $156.35 on Wednesday. The business’s 50 day simple moving average is $155.06 and its 200 day simple moving average is $154.63. The Travelers Companies, Inc. has a 52-week low of $105.67 and a 52-week high of $163.29. The firm has a market cap of $39.01 billion, a PE ratio of 10.52, a P/E/G ratio of 2.03 and a beta of 0.76. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.38 and a current ratio of 0.38.
The Travelers Companies (NYSE:TRV) last announced its earnings results on Monday, July 19th. The insurance provider reported $3.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.39 by $1.06. The Travelers Companies had a return on equity of 12.71% and a net margin of 11.30%. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the firm earned ($0.20) EPS. The Travelers Companies’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 12.25 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Friday, September 10th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.25%. The ex-dividend date of this dividend is Thursday, September 9th. The Travelers Companies’s dividend payout ratio (DPR) is 33.59%.
About The Travelers Companies
The Travelers Cos., Inc is a holding company, which engages in the provision of commercial and personal property and casualty insurance products and services. It operates through the following business segments: Business Insurance, Bond and Specialty Insurance, and Personal Insurance. The Business Insurance segment offers a broad array of property and casualty insurance, and insurance related services to its customers.
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