Jupiter Topco LLC Acquires Shares of 79,379 The Travelers Companies, Inc. $TRV

Key Points

• Jupiter Topco LLC acquired 79,379 shares of Travelers Companies during the second quarter, valued at approximately $17.5 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly earnings of $10.04 per share, far exceeding the $5.41 analyst consensus, while revenue reached $12.15 billion versus expectations of $11.26 billion.
• Analyst sentiment remains mixed, with the stock carrying an average “Hold” rating and a $354.26 price target. Travelers also declared a quarterly dividend of $1.25 per share, representing a 1.4% annual yield.

Jupiter Topco LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 79,379 shares of the insurance provider's stock, valued at approximately $17,494,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. HHM Wealth Advisors LLC lifted its position in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after acquiring an additional 51 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies in the first quarter valued at approximately $26,000. LifeSteps Financial Inc. acquired a new position in shares of Travelers Companies in the second quarter valued at approximately $26,000. Kilter Group LLC bought a new position in shares of Travelers Companies during the second quarter worth approximately $26,000. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies during the fourth quarter worth approximately $26,000. Institutional investors own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Diane Kurtzman sold 4,164 shares of the company's 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 of the company's stock, valued at $2,048,789.58. This represents a 44.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares in the company, valued at $3,894,939.51. The trade was a 32.30% 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 52,667 shares of company stock valued at $19,611,829 over the last three months. 1.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James Financial set a $430.00 price target on Travelers Companies in a research note on Monday, July 20th. Mizuho increased their price objective on Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Truist Financial lifted their target price on Travelers Companies from $395.00 to $425.00 and gave the stock a "buy" rating in a report on Monday, July 20th. Roth Capital upped their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Finally, TD Cowen lowered shares of Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price target on the stock. in a research report on Monday, July 13th. Four research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $354.26.

Travelers Companies Trading Up 0.1%

Shares of NYSE:TRV opened at $369.85 on Friday. The business's 50 day simple moving average is $358.56 and its 200 day simple moving average is $320.77. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year 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. The company has a market capitalization of $77.14 billion, a P/E ratio of 9.90, a P/E/G ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analysts' expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company's quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.51 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Travelers Companies Company Profile

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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