Kaufman Rossin Wealth LLC Purchases Shares of 1,279 The Travelers Companies, Inc. $TRV

Key Points

• Kaufman Rossin Wealth LLC acquired 1,279 shares of The Travelers Companies, Inc., with an investment valued at approximately $338,000.
• Insider transactions revealed significant sales, including EVP Maria Olivo selling 36,199 shares for around $9.93 million, representing a 23.46% decrease in her ownership.
• Travelers reported strong quarterly earnings, with an EPS of $6.51, surpassing analysts' expectations and showing a year-over-year revenue increase of 7.4%.

Kaufman Rossin Wealth LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,279 shares of the insurance provider's stock, valued at approximately $338,000.

A number of other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC increased its position in shares of Travelers Companies by 700.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 96 shares of the insurance provider's stock valued at $25,000 after purchasing an additional 84 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in shares of Travelers Companies during the first quarter worth $26,000. Ameriflex Group Inc. purchased a new position in Travelers Companies in the fourth quarter valued at $26,000. Putney Financial Group LLC purchased a new stake in Travelers Companies during the 4th quarter worth about $26,000. Finally, Capital Analysts LLC boosted its position in shares of Travelers Companies by 248.6% during the 1st quarter. Capital Analysts LLC now owns 122 shares of the insurance provider's stock worth $33,000 after acquiring an additional 87 shares in the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Maria Olivo sold 36,199 shares of Travelers Companies stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $274.20, for a total value of $9,925,765.80. Following the sale, the executive vice president owned 118,116 shares of the company's stock, valued at $32,387,407.20. The trade was a 23.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Avrohom J. Kess sold 23,434 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $273.93, for a total transaction of $6,419,275.62. Following the transaction, the insider owned 48,387 shares in the company, valued at approximately $13,254,650.91. This trade represents a 32.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 175,374 shares of company stock worth $47,929,912 over the last quarter. 1.46% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on TRV shares. Cantor Fitzgerald raised Travelers Companies to a "strong-buy" rating in a research report on Wednesday, August 13th. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $264.00 to $275.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Morgan Stanley set a $269.00 price objective on shares of Travelers Companies and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Citigroup initiated coverage on shares of Travelers Companies in a research report on Wednesday, August 13th. They issued a "neutral" rating and a $291.00 target price on the stock. Finally, Barclays cut shares of Travelers Companies from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $280.00 to $274.00 in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Travelers Companies has an average rating of "Hold" and an average target price of $284.56.

Travelers Companies Trading Up 2.0%

NYSE TRV opened at $274.2330 on Thursday. The firm's fifty day moving average is $262.74 and its two-hundred day moving average is $259.73. The Travelers Companies, Inc. has a one year low of $215.39 and a one year high of $277.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $61.74 billion, a PE ratio of 12.13, a P/E/G ratio of 3.09 and a beta of 0.51.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The firm had revenue of $11.54 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same quarter in the previous year, the firm posted $2.51 EPS. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. Analysts expect that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Wednesday, September 10th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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