Compass Wealth Management LLC Buys New Position in The Travelers Companies, Inc. $TRV

Key Points

• Compass Wealth Management acquired 11,965 shares of Travelers Companies in the second quarter, valued at approximately $3.95 million. Institutional investors and hedge funds collectively own 82.45% of the insurer.
• Travelers reported quarterly earnings of $10.04 per share, well above the $5.41 analyst consensus, on revenue of $12.15 billion. The company also declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.4% yield.
• Several insiders sold shares recently, including the CFO’s sale of 14,037 shares and an executive vice president’s sale of 4,164 shares; insiders sold 62,667 shares worth $22.7 million over the past 90 days. Analysts maintain a consensus “Hold” rating with an average price target of $354.26.

Compass Wealth Management LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,965 shares of the insurance provider's stock, valued at approximately $3,950,000.

Other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC raised its holdings in Travelers Companies by 145.7% in 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 in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at about $26,000. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies during the 2nd quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies during the fourth quarter worth approximately $26,000. Finally, Osterweis Capital Management Inc. boosted its holdings 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 valued at $26,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the firm's 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 directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 62,667 shares of company stock valued at $22,688,329. Corporate insiders own 1.39% of the company's stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $367.96 on Wednesday. The firm's fifty day simple moving average is $348.71 and its 200-day simple moving average is $316.68. The stock has a market capitalization of $76.74 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping 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 firm 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 business earned $6.51 EPS. Travelers Companies's quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio is presently 13.39%.

Analyst Ratings Changes

A number of analysts have weighed in on TRV shares. Evercore set a $329.00 price objective on shares of Travelers Companies and gave the stock an "in-line" rating in a report on Friday, July 10th. Citigroup reiterated a "market perform" rating on shares of Travelers Companies in a research note on Monday, July 20th. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Truist Financial upped their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the company a "buy" rating in a research note on Monday, July 20th. Finally, The Goldman Sachs Group lowered Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price objective on the stock. in a report on Monday, July 20th. Four equities 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $354.26.

About Travelers Companies

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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