BOK Financial Private Wealth Inc. Makes New Investment in The Travelers Companies, Inc. $TRV

Key Points

• BOK Financial Private Wealth acquired 7,299 shares of Travelers Companies valued at approximately $1.61 million, while institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, significantly exceeding the $5.41 consensus estimate, on revenue of $12.15 billion. Analysts maintain a mixed outlook, with an average rating of “Hold” and an average price target of $354.26.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield; insiders sold 62,667 shares worth $22.7 million during the latest quarter.

BOK Financial Private Wealth Inc. bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,299 shares of the insurance provider's stock, valued at approximately $1,609,000.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock worth $789,000 after acquiring an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Travelers Companies in the 4th quarter valued at $276,000. WINTON GROUP Ltd bought a new position in shares of Travelers Companies in the 2nd quarter worth $382,000. CIBC Asset Management Inc grew its stake in shares of Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider's stock worth $18,336,000 after purchasing an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina grew its stake in shares of Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider's stock worth $28,254,000 after purchasing an additional 2,117 shares during the period. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Michael Frederick Klein sold 6,000 shares of the business's stock in a transaction on 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 sale, the executive vice president directly owned 45,125 shares of the company's stock, valued at approximately $16,519,811.25. The trade was 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 Diane Kurtzman sold 4,164 shares of the company's stock in a transaction 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 completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 over the last quarter. 1.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on TRV. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a "buy (a-)" rating on shares of Travelers Companies in a research note on Wednesday, August 5th. HSBC increased their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the company a "hold" rating in a research report on Monday, July 6th. TD Cowen lowered shares of Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Finally, Bank of America upped their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the company an "underperform" rating in a research note on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and an average target price of $354.26.

Travelers Companies Trading Up 0.9%

NYSE:TRV opened at $367.96 on Wednesday. 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 business's 50-day simple moving average is $348.71 and its 200-day simple moving average is $316.68. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The stock has a market capitalization of $76.74 billion, a PE ratio of 9.85, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the prior year, the business earned $6.51 EPS. Travelers Companies's revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies's dividend payout ratio (DPR) is presently 13.39%.

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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