OneAscent Financial Services LLC Makes New $794,000 Investment in The Travelers Companies, Inc. $TRV

Key Points

• OneAscent Financial Services acquired 3,602 Travelers shares worth approximately $794,000 in the second quarter. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly earnings of $10.04 per share, far exceeding the $5.41 consensus estimate, while revenue reached $12.15 billion. The stock opened at $364.79 and has gained 0.7%.
• Analysts maintain a consensus “Hold” rating with a $354.26 price target, while insiders sold 62,667 shares worth $22.7 million over the past three months. Travelers also declared a quarterly dividend of $1.25 per share.

OneAscent Financial Services LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,602 shares of the insurance provider's stock, valued at approximately $794,000.

Other large investors have also modified their holdings of the company. Berman McAleer LLC raised its stake in Travelers Companies by 3.5% during the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider's stock worth $295,000 after acquiring an additional 30 shares in the last quarter. Willner & Heller LLC lifted its position in Travelers Companies by 2.7% in the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider's stock valued at $398,000 after acquiring an additional 32 shares during the last quarter. Spinnaker Trust boosted its stake in Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider's stock valued at $565,000 after acquiring an additional 33 shares in the last quarter. Cim LLC grew its holdings in shares of Travelers Companies by 0.4% during the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider's stock worth $2,363,000 after purchasing an additional 34 shares during the last quarter. Finally, Avalon Trust Co grew its holdings in shares of Travelers Companies by 0.4% during the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider's stock worth $2,562,000 after purchasing an additional 35 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Seaport Research Partners set a $322.00 target price on Travelers Companies in a report on Tuesday, May 26th. Evercore set a $329.00 price target on Travelers Companies and gave the stock an "in-line" rating in a research note on Friday, July 10th. Barclays lifted 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. Wells Fargo & Company boosted their price objective on Travelers Companies from $295.00 to $334.00 and gave the company an "equal weight" rating in a research note on Thursday, July 9th. Finally, BMO Capital Markets downgraded Travelers Companies from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Four 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $354.26.

Insider Buying and Selling

In other news, EVP David Donnay Rowland sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, the executive vice president directly owned 10,479 shares of the company's stock, valued at $3,894,939.51. This trade represents a 32.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,667 shares of company stock worth $22,688,329 in the last three months. Company insiders own 1.39% of the company's stock.

Travelers Companies Stock Up 0.7%

Shares of Travelers Companies stock opened at $364.79 on Friday. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company has a market cap of $76.09 billion, a P/E ratio of 9.77, a PEG ratio of 3.44 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 firm has a fifty day moving average of $351.09 and a two-hundred day moving average of $317.80.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results 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. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the firm earned $6.51 earnings per share. The business's quarterly revenue was up .3% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued 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 currently 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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