Ancora Advisors LLC Invests $2.69 Million in The Travelers Companies, Inc. $TRV

Key Points

• Ancora Advisors acquired 8,157 shares of Travelers Companies in the second quarter, valued at approximately $2.69 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, far exceeding the $5.41 consensus estimate, while revenue reached $12.15 billion versus expectations of $11.26 billion.
• The company declared a quarterly dividend of $1.25 per share, or $5.00 annualized, representing a 1.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $354.26.

Ancora Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,157 shares of the insurance provider's stock, valued at approximately $2,693,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. LifeSteps Financial Inc. acquired a new position in Travelers Companies in the 2nd quarter valued at approximately $26,000. Kilter Group LLC bought a new stake in Travelers Companies in the 2nd quarter valued at $26,000. HHM Wealth Advisors LLC increased its holdings in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after buying an additional 51 shares during the period. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies in the 4th quarter valued at $26,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies in the 1st quarter valued at $26,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Up 0.4%

NYSE TRV opened at $371.02 on Thursday. The stock's 50 day simple moving average is $356.08 and its 200 day simple moving average is $319.95. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The firm has a market cap of $77.39 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

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

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's payout ratio is currently 13.39%.

Analyst Ratings Changes

A number of brokerages have commented on TRV. Piper Sandler raised their price target on shares of Travelers Companies to $340.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Roth Capital raised their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Raymond James Financial set a $430.00 price target on Travelers Companies in a research note on Monday, July 20th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Finally, Cantor Fitzgerald increased their price objective on Travelers Companies from $335.00 to $360.00 and gave the stock an "overweight" rating in a research note on Thursday, July 9th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $354.26.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the firm's stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares of the company's stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,667 shares of company stock worth $19,611,829 over the last quarter. Corporate insiders own 1.39% of the company's stock.

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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