Aberdeen Wealth Management LLC Acquires Shares of 4,840 The Travelers Companies, Inc. $TRV

Key Points

• Aberdeen Wealth Management acquired 4,840 shares of Travelers Companies, valued at approximately $1.07 million, while institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, beating estimates of $5.41, and revenue of $12.15 billion versus expectations of $11.26 billion. The stock opened at $370.65, above its 50-day and 200-day moving averages.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.3% yield. Analysts’ consensus rating remains “Hold,” with an average price target of $354.26, while insiders sold more than $19.6 million of stock in the last quarter.

Aberdeen Wealth Management LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,840 shares of the insurance provider's stock, valued at approximately $1,067,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LifeSteps Financial Inc. purchased a new position in shares of Travelers Companies during the second quarter worth approximately $26,000. Kilter Group LLC acquired a new stake in shares of Travelers Companies during the second quarter worth about $26,000. HHM Wealth Advisors LLC grew its holdings in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after buying an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies during the fourth quarter worth about $26,000. Finally, Whipplewood Advisors LLC acquired a new position in Travelers Companies in the 1st quarter valued at about $26,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Performance

NYSE TRV opened at $370.65 on Tuesday. 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 business's 50 day moving average is $353.55 and its two-hundred day moving average is $318.93. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The stock has a market capitalization of $77.31 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $11.26 billion. During the same period last year, the firm earned $6.51 EPS. The company's quarterly revenue was up .3% compared to the same quarter last year. Research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

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

Analyst Ratings Changes

Several analysts have commented on the company. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research note on Tuesday, May 26th. Bank of America boosted their target price on Travelers Companies from $283.00 to $307.00 and gave the company an "underperform" rating in a report on Monday, July 20th. Morgan Stanley upped their price target on Travelers Companies from $290.00 to $330.00 and gave the stock an "underweight" rating in a research note on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Travelers Companies in a report on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $354.26.

Insider Activity

In other news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares in the company, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 52,667 shares of company stock valued at $19,611,829 in the last quarter. Insiders own 1.39% of the company's stock.

Travelers Companies 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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