Glenview Trust Co purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,117 shares of the insurance provider's stock, valued at approximately $1,689,000.
A number of other institutional investors have also made changes to their positions in the business. HHM Wealth Advisors LLC increased its position in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after buying an additional 51 shares during the period. Osterweis Capital Management Inc. raised its stake in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after buying an additional 91 shares in the last quarter. Kemnay Advisory Services Inc. bought a new position in Travelers Companies during the fourth quarter worth about $26,000. Whipplewood Advisors LLC bought a new stake in Travelers Companies in the first quarter valued at $26,000. Finally, LifeSteps Financial Inc. bought a new stake in Travelers Companies in the second quarter valued at $26,000. 82.45% of the stock is currently owned by institutional investors.
Travelers Companies Stock Performance
TRV stock opened at $369.85 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 business's 50-day moving average price is $358.56 and its two-hundred day moving average price is $320.77. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The firm has a market cap of $77.14 billion, a PE ratio of 9.90, a P/E/G ratio of 3.51 and a beta of 0.45.
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. 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 company's revenue for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.51 EPS. As a group, research analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.
Travelers Companies Announces Dividend
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 dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies's dividend payout ratio (DPR) is presently 13.39%.
Analysts Set New Price Targets
TRV has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Travelers Companies in a report on Tuesday, July 21st. Barclays increased their price target on Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. HSBC lifted their price objective on Travelers Companies from $321.00 to $351.00 and gave the company a "hold" rating in a research report on Monday, July 6th. Finally, Piper Sandler boosted their price objective on Travelers Companies to $340.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Four research 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 assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $354.26.
Get Our Latest Research Report on Travelers Companies
Insider Buying and Selling
In related news, EVP Michael Frederick Klein sold 6,000 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction, the executive vice president directly owned 5,298 shares in the company, valued at $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 52,667 shares of company stock valued at $19,611,829. Insiders own 1.39% of the company's stock.
Travelers Companies Company Profile
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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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