Callan Family Office LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,417 shares of the insurance provider's stock, valued at approximately $2,118,000.
Several other institutional investors have also recently modified their holdings of TRV. HHM Wealth Advisors LLC grew its position in Travelers Companies by 145.7% during the first 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 purchased a new position in shares of Travelers Companies during the first quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $26,000. Kilter Group LLC bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $26,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $26,000. 82.45% of the stock is currently owned by institutional investors.
Travelers Companies Price Performance
Shares of TRV stock opened at $363.83 on Friday. The firm has a market cap of $75.88 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 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. The business's 50 day moving average price is $352.28 and its 200-day moving average price is $318.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.
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, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion for the quarter, compared to analysts' expectations of $11.26 billion. During the same period in the previous year, the firm earned $6.51 earnings per share. The business's revenue was up .3% compared to the same quarter last year. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.
Travelers Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies's payout ratio is currently 13.39%.
Insider Activity
In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the transaction, the executive vice president directly owned 9,213 shares of the company's stock, valued at $3,393,884.94. This represents a 63.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 62,667 shares of company stock worth $22,688,329. Company insiders own 1.39% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the stock. Piper Sandler boosted 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. Evercore set a $329.00 price target on shares of Travelers Companies and gave the company an "in-line" rating in a research report on Friday, July 10th. Morgan Stanley raised their price objective on Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded Travelers Companies from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday. Finally, Seaport Research Partners set a $322.00 target price on Travelers Companies in a research note on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $354.26.
View Our Latest Analysis on TRV
Travelers Companies Profile
(
Free Report)
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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