AssuredPartners Investment Advisors LLC Takes Position in The Travelers Companies, Inc. $TRV

Key Points

• AssuredPartners Investment Advisors bought 9,550 shares of Travelers Companies during the second quarter, valued at approximately $3.15 million. Institutional investors and hedge funds collectively own 82.45% of TRV.
• Travelers reported a strong quarter, posting $10.04 in EPS versus the $5.41 consensus estimate and revenue of $12.15 billion, while analysts expect $33.82 in full-year EPS.
• The company declared a quarterly dividend of $1.25, or $5.00 annualized, yielding about 1.4%. Despite several bullish price-target increases, analyst sentiment remains a consensus “Hold,” with a $354.26 target versus the article’s $362.47 share price.

AssuredPartners Investment Advisors LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 9,550 shares of the insurance provider's stock, valued at approximately $3,153,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC lifted its position in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after acquiring an additional 51 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies in the 1st quarter worth $26,000. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies during the second quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth $26,000. Finally, Osterweis Capital Management Inc. lifted its holdings in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after purchasing an additional 91 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of TRV opened at $362.47 on Thursday. The business's 50-day moving average is $349.88 and its 200-day moving average is $317.23. 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 company has a market capitalization of $75.60 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 3.50 and a beta of 0.45. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70.

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, 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 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 company posted $6.51 earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies's dividend payout ratio is presently 13.39%.

Insider Activity at Travelers Companies

In other news, CFO Daniel S. Frey sold 14,037 shares of the company's stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares of the company's stock, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares of the company's stock, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by company insiders.

Analyst Ratings Changes

TRV has been the topic of several recent analyst reports. Evercore set a $329.00 price objective on Travelers Companies and gave the stock an "in-line" rating in a report on Friday, July 10th. TD Cowen downgraded shares of Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 target price on the stock. in a research report on Monday, July 13th. Roth Capital boosted their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Truist Financial upped their price target on shares of Travelers Companies from $395.00 to $425.00 and gave the company a "buy" rating in a research report on Monday, July 20th. Finally, Wells Fargo & Company raised their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 9th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, Travelers Companies 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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