10,754 Shares in The Travelers Companies, Inc. $TRV Bought by Pinnacle Holdings LLC

Key Points

• Pinnacle Holdings LLC initiated a position of 10,754 Travelers shares worth approximately $3.55 million, representing 1.1% of its portfolio. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly earnings of $10.04 per share, surpassing estimates of $5.41, while revenue reached $12.15 billion. The company also declared a quarterly dividend of $1.25 per share, equivalent to a 1.4% yield.
• TRV shares opened at $363.83, above the analyst consensus target of $354.26; however, the consensus analyst rating remains “Hold.” Company insiders sold 62,667 shares worth $22.7 million over the prior 90 days.

Pinnacle Holdings LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,754 shares of the insurance provider's stock, valued at approximately $3,550,000. Travelers Companies comprises 1.1% of Pinnacle Holdings LLC's portfolio, making the stock its 26th largest position.

A number of other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its position in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies during the 1st quarter worth about $26,000. LifeSteps Financial Inc. acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $26,000. Kilter Group LLC acquired a new position in shares of Travelers Companies during the 2nd quarter worth about $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the 4th quarter valued at approximately $26,000. 82.45% of the stock is currently owned by institutional investors.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,313 shares of the company's stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the sale, the executive vice president owned 9,213 shares of the company's stock, valued at $3,393,884.94. The trade was a 63.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares of the company's stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 62,667 shares of company stock worth $22,688,329 in the last ninety days. Company insiders own 1.39% of the company's stock.

Travelers Companies Price Performance

Shares of TRV stock opened at $363.83 on Monday. The company has a market capitalization of $75.89 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The stock has a 50 day moving average of $352.28 and a two-hundred day moving average of $318.35.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the prior year, the company posted $6.51 earnings per share. Travelers Companies's revenue was up .3% on a year-over-year basis. As a group, equities analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio (DPR) is presently 13.39%.

Analyst Ratings Changes

A number of analysts have issued reports on TRV shares. Weiss Ratings raised Travelers Companies from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Travelers Companies in a report on Tuesday, July 21st. Mizuho increased their price objective on Travelers Companies from $324.00 to $343.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. UBS Group raised their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. Finally, Piper Sandler boosted their target price on shares of Travelers Companies to $340.00 and gave the stock an "overweight" rating in a research report on Monday, July 13th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $354.26.

Travelers Companies Company Profile

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company underwrites a broad range of commercial and personal insurance lines, offering coverage designed to protect individuals, small and midsize businesses, and large corporate clients against property loss, liability, and other operational risks. Travelers is known for combining underwriting, claims management and risk control services to help clients prevent losses and recover when incidents occur.

On the commercial side, Travelers writes primary and specialty coverages including property, general liability, commercial auto, workers' compensation, professional and management liability, surety and inland marine.

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