Bell & Brown Wealth Advisors LLC Takes $2.21 Million Position in The Travelers Companies, Inc. $TRV

Key Points

• Bell & Brown Wealth Advisors acquired 10,044 Travelers shares in the second quarter, valued at approximately $2.21 million. Institutional investors now own 82.45% of the company.
• Travelers reported quarterly earnings of $10.04 per share, well above the $5.41 analyst consensus, while revenue reached $12.15 billion. The company also declared a $1.25 quarterly dividend, equivalent to a 1.4% annual yield.
• Insiders sold 62,667 shares worth approximately $22.7 million over the last quarter. Analysts maintain a consensus “Hold” rating, with an average price target of $354.26.

Bell & Brown Wealth Advisors LLC bought a new stake 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 fund bought 10,044 shares of the insurance provider's stock, valued at approximately $2,215,000.

A number of other hedge funds have also bought and sold shares of TRV. HHM Wealth Advisors LLC boosted its position in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Travelers Companies in the first quarter valued at approximately $26,000. LifeSteps Financial Inc. purchased a new stake in shares of Travelers Companies in the second quarter worth $26,000. Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies in the fourth quarter worth approximately $26,000. Finally, Osterweis Capital Management Inc. grew its position in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after acquiring an additional 91 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of the business's stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the sale, the executive vice president directly owned 5,298 shares of the company's stock, valued at $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 62,667 shares of company stock worth $22,688,329. Insiders own 1.39% of the company's stock.

Travelers Companies Stock Performance

NYSE:TRV opened at $362.47 on Thursday. The stock has a 50-day simple moving average of $349.88 and a two-hundred day simple moving average of $317.23. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $75.60 billion, a PE ratio of 9.71, a P/E/G ratio of 3.50 and a beta of 0.45. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.

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

Travelers Companies Dividend Announcement

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 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies's payout ratio is currently 13.39%.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of analyst reports. Piper Sandler lifted 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. Bank of America upped their target price on Travelers Companies from $283.00 to $307.00 and gave the stock an "underperform" rating in a report on Monday, July 20th. JPMorgan Chase & Co. upgraded Travelers Companies from an "underweight" rating to a "neutral" rating and increased their price objective for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. The Goldman Sachs Group cut Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price objective for the company. in a research note on Monday, July 20th. Finally, TD Cowen lowered shares of Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price objective for the company. in a report on Monday, July 13th. Four equities research 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $354.26.

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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