Evolve Private Wealth LLC Invests $987,000 in The Travelers Companies, Inc. $TRV

Key Points

• Evolve Private Wealth acquired 4,475 Travelers shares worth approximately $987,000 in the second quarter, while institutional investors collectively own 82.45% of TRV.
• Travelers reported quarterly earnings of $10.04 per share, substantially exceeding the $5.41 analyst consensus, with revenue of $12.15 billion versus estimates of $11.26 billion.
• The company declared a quarterly dividend of $1.25, equal to $5.00 annually and a 1.4% yield; analysts maintain a consensus “Hold” rating with a $354.26 target price, below the reported share price of $363.83.

Evolve Private Wealth LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,475 shares of the insurance provider's stock, valued at approximately $987,000.

A number of other institutional investors and hedge funds have also bought and sold shares of TRV. W1M Asset Management Ltd acquired a new position in Travelers Companies in the 2nd quarter valued at approximately $208,000. Varma Mutual Pension Insurance Co bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $17,149,000. Westpac Banking Corp acquired a new position in shares of Travelers Companies in the second quarter valued at $390,000. TRB Wealth Management LLC bought a new position in Travelers Companies in the second quarter worth $256,000. Finally, Sumitomo Life Insurance Co. acquired a new stake in Travelers Companies during the second quarter worth $1,313,000. Institutional investors own 82.45% of the company's stock.

Travelers Companies Stock Up 0.1%

Shares of NYSE:TRV opened at $363.83 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $75.89 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 12 month low of $252.26 and a 12 month high of $398.70. The company's 50-day moving average price is $352.28 and its two-hundred day moving average price is $318.35.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its 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 company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the firm posted $6.51 earnings per share. The company's revenue was up .3% on a year-over-year basis. As a group, research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of analyst reports. BMO Capital Markets downgraded shares of Travelers Companies from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research note on Tuesday, May 26th. JPMorgan Chase & Co. raised Travelers Companies from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and a consensus target price of $354.26.

Insider Activity

In other news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company's stock, valued at approximately $13,882,706.25. This trade represents a 18.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business's stock in a transaction on Friday, July 24th. The stock was 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 of the company's stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 62,667 shares of company stock worth $22,688,329. 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 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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