Pinnacle Wealth Management Advisory Group LLC Acquires 294 Shares of The Travelers Companies, Inc. (NYSE:TRV)

Pinnacle Wealth Management Advisory Group LLC increased its stake in The Travelers Companies, Inc. (NYSE:TRV) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,225 shares of the insurance provider’s stock after purchasing an additional 294 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Travelers Companies were worth $614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Command Advisory Services Inc. purchased a new stake in shares of Travelers Companies during the 3rd quarter valued at $26,000. AM Squared Ltd boosted its holdings in shares of Travelers Companies by 100.0% in the 3rd quarter. AM Squared Ltd now owns 200 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Travelers Companies during the 4th quarter valued at about $40,000. OLD Second National Bank of Aurora purchased a new position in shares of Travelers Companies during the 4th quarter valued at about $41,000. Finally, Operose Advisors LLC purchased a new stake in Travelers Companies in the third quarter worth approximately $43,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Travelers Companies Stock Up 0.2 %

TRV traded up $0.37 during trading on Wednesday, reaching $217.34. The stock had a trading volume of 595,242 shares, compared to its average volume of 1,452,786. The Travelers Companies, Inc. has a one year low of $157.33 and a one year high of $232.75. The company has a market capitalization of $49.77 billion, a price-to-earnings ratio of 16.15, a P/E/G ratio of 1.11 and a beta of 0.60. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $220.64 and its two-hundred day moving average is $201.34.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. During the same period last year, the business earned $4.11 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. As a group, analysts expect that The Travelers Companies, Inc. will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. Travelers Companies’s dividend payout ratio (DPR) is 29.72%.

Insiders Place Their Bets

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total value of $776,726.80. Following the transaction, the executive vice president now owns 6,075 shares in the company, valued at approximately $1,298,106. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Daniel S. Frey sold 5,000 shares of Travelers Companies stock in a transaction dated Thursday, April 25th. The stock was 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 in the company, valued at approximately $3,941,843.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey P. Klenk sold 3,635 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the sale, the executive vice president now directly owns 6,075 shares in the company, valued at approximately $1,298,106. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,635 shares of company stock valued at $3,980,827. 1.33% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on TRV. Morgan Stanley lifted their price target on shares of Travelers Companies from $222.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. The Goldman Sachs Group raised their price objective on Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research note on Friday, April 12th. HSBC boosted their target price on Travelers Companies from $218.00 to $240.00 and gave the company a “hold” rating in a research note on Thursday, April 4th. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Friday, April 19th. Finally, UBS Group dropped their price objective on Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research note on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $223.47.

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.