EP Wealth Advisors LLC Makes New Investment in The Travelers Companies, Inc. $TRV

Key Points

• EP Wealth Advisors acquired 38,042 shares of Travelers Companies worth approximately $12.6 million in the second quarter, while institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, well above the $5.41 consensus estimate, on $12.15 billion in revenue. Analysts remain mixed, with an average “Hold” rating and a $354.26 price target.
• Travelers declared a quarterly dividend of $1.25 per share, equal to a $5.00 annualized payout and a 1.4% yield; meanwhile, insiders sold roughly $22.7 million of stock over the past 90 days.

EP Wealth Advisors 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 Form 13F filing with the Securities & Exchange Commission. The firm acquired 38,042 shares of the insurance provider's stock, valued at approximately $12,559,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TRV. Heartland Bank & Trust Co acquired a new position in shares of Travelers Companies during the second quarter worth approximately $207,000. Bard Associates Inc. bought a new position in shares of Travelers Companies in the 2nd quarter worth $208,000. Ieq Capital LLC acquired a new stake in Travelers Companies in the 2nd quarter valued at $4,240,000. Sterling Financial Planning Inc. bought a new stake in Travelers Companies during the 2nd quarter valued at $257,000. Finally, Burnham & Co LLC bought a new stake in Travelers Companies during the 2nd quarter valued at $44,000. Institutional investors own 82.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TRV. Cantor Fitzgerald upped their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Truist Financial boosted their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Mizuho upped their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a report on Friday, July 24th. Roth Capital raised their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Finally, Barclays raised their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the company an "underweight" rating in a research report on Tuesday, July 21st. Four 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 given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $354.26.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 45,125 shares of the company's stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the sale, the chief financial officer owned 27,535 shares of the company's stock, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,667 shares of company stock worth $22,688,329 in the last ninety days. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $363.83 on Friday. 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 stock has a market cap 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 stock's fifty day simple moving average is $352.28 and its two-hundred day simple moving average is $318.12. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70.

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 the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business's revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $6.51 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company 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 dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies's payout ratio is 13.39%.

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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