Keebeck Wealth Management Acquires Shares of 20,611 The Travelers Companies, Inc. $TRV

Key Points

• Keebeck Wealth Management initiated a position in Travelers Companies, purchasing 20,611 shares valued at approximately $4.55 million. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported strong quarterly results, with EPS of $10.04 versus the $5.41 consensus estimate and revenue of $12.15 billion. The company also declared a quarterly dividend of $1.25 per share, representing a 1.4% annualized yield.
• Analyst sentiment remains mixed: Travelers has a consensus rating of “Hold” and an average price target of $354.26, below its reported opening price of $363.83. Meanwhile, insiders sold 62,667 shares worth $22.7 million over the past 90 days.

Keebeck Wealth Management bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 20,611 shares of the insurance provider's stock, valued at approximately $4,545,000.

Several other large investors have also made changes to their positions in TRV. Arbejdsmarkedets Tillaegspension bought a new position in shares of Travelers Companies in the fourth quarter valued at approximately $24,167,000. Rit Capital Partners PLC bought a new stake in Travelers Companies during the 4th quarter worth approximately $39,450,000. UBS Group AG grew its position in Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider's stock worth $514,786,000 after acquiring an additional 89,159 shares during the last quarter. Swiss Life Asset Management Ltd increased its holdings in Travelers Companies by 41.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider's stock valued at $19,149,000 after purchasing an additional 19,347 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in Travelers Companies in the 1st quarter valued at $576,000. Institutional investors own 82.45% of the company's stock.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the business's stock in a transaction dated Tuesday, July 21st. The stock was 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 directly owned 27,535 shares of the company's stock, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the company's stock in a transaction dated Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TRV has been the topic of a number of recent analyst reports. 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. UBS Group raised their target price on Travelers Companies from $314.00 to $350.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Truist Financial lifted their price target on Travelers Companies from $395.00 to $425.00 and gave the company a "buy" rating in a report on Monday, July 20th. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a report on Monday, July 20th. Finally, Wells Fargo & Company raised their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the company an "equal weight" rating in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Travelers Companies has a consensus rating of "Hold" and an average price target of $354.26.

Travelers Companies Stock Down 0.2%

NYSE:TRV opened at $363.83 on Friday. The company has a market cap of $75.88 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. 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 stock's fifty day moving average price is $352.28 and its two-hundred day moving average price is $318.12. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. The company 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 business's revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the firm earned $6.51 EPS. On average, analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies's dividend payout ratio (DPR) is presently 13.39%.

Travelers Companies 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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