Brighton Jones LLC Has $617,000 Holdings in The Travelers Companies, Inc. (NYSE:TRV)

Brighton Jones LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 17.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,036 shares of the insurance provider’s stock after acquiring an additional 449 shares during the quarter. Brighton Jones LLC’s holdings in Travelers Companies were worth $617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies during the second quarter valued at about $25,000. Pathway Financial Advisers LLC acquired a new stake in Travelers Companies during the 1st quarter worth approximately $35,000. Beacon Capital Management LLC increased its position in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 66 shares during the period. Opal Wealth Advisors LLC bought a new position in shares of Travelers Companies during the first quarter valued at $42,000. Finally, Tributary Capital Management LLC acquired a new position in shares of Travelers Companies during the first quarter worth $45,000. Institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on TRV shares. JPMorgan Chase & Co. upped their price objective on shares of Travelers Companies from $220.00 to $242.00 and gave the company an “underweight” rating in a research note on Thursday, July 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a report on Monday, July 22nd. Citigroup lifted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research report on Tuesday, July 30th. Morgan Stanley lowered their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $227.05.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $238.53 on Friday. The business’s fifty day simple moving average is $221.42 and its 200 day simple moving average is $217.56. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $243.48. The firm has a market capitalization of $54.37 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. During the same period last year, the firm posted $0.06 earnings per share. Travelers Companies’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, analysts anticipate that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be paid a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 10th. This represents a $4.20 annualized dividend and a dividend yield of 1.76%. Travelers Companies’s payout ratio is currently 31.20%.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.33% of the stock is currently 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.