Copperwynd Financial LLC Grows Stake in The Travelers Companies, Inc. (NYSE:TRV)

Copperwynd Financial LLC lifted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,841 shares of the insurance provider’s stock after purchasing an additional 184 shares during the period. Copperwynd Financial LLC’s holdings in Travelers Companies were worth $831,000 at the end of the most recent quarter.

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

Travelers Companies Price Performance

TRV stock opened at $236.11 on Friday. The firm has a 50 day simple moving average of $223.62 and a two-hundred day simple moving average of $218.17. The stock has a market cap of $53.82 billion, a PE ratio of 17.54, a P/E/G ratio of 1.24 and a beta of 0.62. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $243.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. On average, analysts predict that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be given 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 1.78%. Travelers Companies’s dividend payout ratio (DPR) is presently 31.20%.

Insider Activity at Travelers Companies

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research note on Monday, July 22nd. Bank of America lifted their price objective on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Citigroup boosted their target price on shares of Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a report on Tuesday, July 30th. Barclays started coverage on Travelers Companies in a report on Wednesday, September 4th. They issued an “overweight” rating and a $286.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $227.05.

Travelers Companies Company Profile

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.