Callan Family Office LLC Makes New $13.83 Million Investment in The Travelers Companies, Inc. $TRV

Key Points

• Callan Family Office initiated a $13.83 million position in Travelers Companies by purchasing 62,708 shares during the second quarter. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported a strong quarterly performance, with EPS of $10.04 versus the $5.41 analyst consensus and revenue of $12.15 billion, exceeding expectations. The company posted a 16.95% net margin and 25.41% return on equity.
• The insurer declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $354.26, below the stock’s reported $363.83 price.

Callan Family Office LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 62,708 shares of the insurance provider's stock, valued at approximately $13,826,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC lifted its holdings in shares of 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 buying an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Travelers Companies during the first quarter valued at approximately $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies during the second quarter valued at approximately $26,000. Kilter Group LLC bought a new stake in Travelers Companies during the 2nd quarter worth approximately $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the 4th quarter worth approximately $26,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Trading Down 0.2%

TRV stock opened at $363.83 on Friday. The company has a market capitalization of $75.88 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. 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 Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company's 50 day moving average price is $352.28 and its two-hundred day moving average price is $318.12.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $11.26 billion. During the same quarter in the prior year, the company earned $6.51 EPS. The firm's revenue was up .3% on a year-over-year basis. As a group, analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. UBS Group raised their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the company a "neutral" rating in a report on Wednesday, July 8th. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a report on Tuesday, May 26th. HSBC increased their price objective on Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a research report on Monday, July 6th. Citigroup reissued a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $354.26.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction dated 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 transaction, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the business's stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president directly owned 10,479 shares of the company's stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by insiders.

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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