Oxford Financial Group LTD. LLC Takes $895,000 Position in The Travelers Companies, Inc. $TRV

Key Points

• Oxford Financial Group acquired 4,060 shares of Travelers Companies in the second quarter, valued at approximately $895,000. Institutional investors and hedge funds collectively own 82.45% of the insurer.
• Travelers reported quarterly earnings of $10.04 per share, substantially exceeding the $5.41 analyst consensus, while revenue reached $12.15 billion. Analysts maintain a consensus “Hold” rating with an average target price of $354.26.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield. Shares opened at $364.79, while company insiders sold more than $22.6 million of stock over the past 90 days.

Oxford Financial Group LTD. LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,060 shares of the insurance provider's stock, valued at approximately $895,000.

Several other large investors have also bought and sold shares of TRV. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $24,167,000. Rit Capital Partners PLC acquired a new position in Travelers Companies during the 4th quarter worth approximately $39,450,000. UBS Group AG lifted its stake in Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider's stock valued at $514,786,000 after purchasing an additional 89,159 shares during the last quarter. Swiss Life Asset Management Ltd lifted its stake in Travelers Companies by 41.5% in 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 during the last quarter. Finally, Baader Bank Aktiengesellschaft acquired a new stake in Travelers Companies in the first quarter valued at approximately $576,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Mizuho boosted their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Piper Sandler raised their price objective on Travelers Companies to $340.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Cantor Fitzgerald boosted their price objective on Travelers Companies from $335.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. UBS Group upped their target price on Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a report on Wednesday, July 8th. Finally, Zacks Research upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $354.26.

Travelers Companies Trading Up 0.7%

Shares of NYSE TRV opened at $364.79 on Friday. 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 Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The firm has a 50 day moving average price of $351.09 and a two-hundred day moving average price of $317.80. The stock has a market cap of $76.09 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the business earned $6.51 earnings per share. Travelers Companies's revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

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

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the sale, the executive vice president owned 9,213 shares of the company's stock, valued at approximately $3,393,884.94. This represents a 63.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the firm's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares of the company's stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 62,667 shares of company stock worth $22,688,329 over the last 90 days. Company insiders own 1.39% of the company's stock.

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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