4,692 Shares in The Travelers Companies, Inc. $TRV Bought by Royal Capital Wealth Management LLC

Key Points

• Royal Capital Wealth Management initiated a position in Travelers Companies, buying 4,692 shares valued at approximately $1.04 million. Institutional investors collectively own 82.45% of the company.
• Travelers reported strong quarterly results, with earnings of $10.04 per share versus the $5.41 consensus estimate and revenue of $12.15 billion, up from the prior year.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.3% yield. Analysts remain cautious overall, with a consensus “Hold” rating and average price target of $354.26.

Royal Capital Wealth Management LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,692 shares of the insurance provider's stock, valued at approximately $1,035,000.

Other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc purchased a new position in shares of Travelers Companies during the 2nd quarter valued at about $558,164,000. The Manufacturers Life Insurance Company purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $43,658,000. The Manufacturers Life Insurance Company purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $271,418,000. Jones Financial Companies Lllp bought a new stake in Travelers Companies during the 2nd quarter worth approximately $19,770,000. Finally, Sone Capital Management LLC bought a new stake in Travelers Companies during the 2nd quarter worth approximately $18,605,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Up 1.9%

Shares of TRV opened at $370.65 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The company has a 50 day simple moving average of $353.55 and a two-hundred day simple moving average of $318.93. The firm has a market cap of $77.31 billion, a P/E ratio of 9.93, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the firm earned $6.51 earnings per share. The company's quarterly revenue was up .3% compared to the same quarter last year. On average, equities analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies's payout ratio is currently 13.39%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Morgan Stanley upped their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. Evercore set a $329.00 price objective on shares of Travelers Companies and gave the company an "in-line" rating in a research report on Friday, July 10th. Citigroup restated a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 20th. The Goldman Sachs Group lowered Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price target for the company. in a research note on Monday, July 20th. Finally, Truist Financial raised their price target on Travelers Companies from $395.00 to $425.00 and gave the company a "buy" rating in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $354.26.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares of the company's stock, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the transaction, the executive vice president directly owned 5,298 shares of the company's stock, valued at approximately $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is owned by corporate insiders.

About Travelers Companies

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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