Corient Private Wealth LP Increases Stock Holdings in The Travelers Companies, Inc. $TRV

Corient Private Wealth LP grew its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 1,562.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 109,936 shares of the insurance provider's stock after purchasing an additional 103,322 shares during the quarter. Corient Private Wealth LP owned approximately 0.05% of Travelers Companies worth $36,292,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. LifeSteps Financial Inc. acquired a new position in Travelers Companies in the second quarter valued at $26,000. Kilter Group LLC acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at about $26,000. HHM Wealth Advisors LLC boosted its position in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 51 shares during the period. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies during the 4th quarter worth approximately $26,000. Finally, Whipplewood Advisors LLC acquired a new position in Travelers Companies during the first quarter worth approximately $26,000. Institutional investors and hedge funds own 82.45% of the company's stock.

Travelers Companies Stock Performance

Shares of TRV opened at $374.92 on Monday. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The stock has a market cap of $78.20 billion, a P/E ratio of 10.04, a PEG ratio of 2.52 and a beta of 0.44. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $366.76 and a two-hundred day moving average of $325.86.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. The business's revenue was up .3% on a year-over-year basis. During the same period in the prior year, the business earned $6.51 earnings per share. As a group, research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS 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. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies's dividend payout ratio (DPR) is presently 13.39%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Piper Sandler raised 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. HSBC increased their price target on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a research note on Monday, July 6th. BMO Capital Markets lowered shares of Travelers Companies from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a report on Monday, July 20th. Finally, UBS Group increased their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has an average rating of "Hold" and a consensus target price of $354.26.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Mojgan Lefebvre sold 16,313 shares of the firm's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value 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 trade represents a 63.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Daniel Yin sold 7,153 shares of the firm's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 58,667 shares of company stock valued at $21,830,989 in the last three months. 1.39% of the stock is owned by company insiders.

About Travelers Companies

The Travelers Companies, Inc NYSE: TRV is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers' principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers' compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.

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