Sigma Planning Corp raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 98.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,627 shares of the insurance provider's stock after purchasing an additional 4,771 shares during the period. Sigma Planning Corp's holdings in Travelers Companies were worth $3,178,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. HHM Wealth Advisors LLC grew its stake in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after buying an additional 51 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in Travelers Companies during the first quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies during the second quarter worth approximately $26,000. Kilter Group LLC bought a new stake in shares of Travelers Companies during the second quarter worth approximately $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Travelers Companies in the 4th quarter valued at $26,000. 82.45% of the stock is owned by institutional investors.
Travelers Companies Stock Down 0.0%
Shares of NYSE TRV opened at $369.85 on Monday. 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 stock has a market capitalization of $77.14 billion, a P/E ratio of 9.90, a PEG ratio of 3.52 and a beta of 0.45. The stock's fifty day moving average is $358.56 and its 200 day moving average is $320.97.
Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.51 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.
Travelers Companies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies's payout ratio is presently 13.39%.
Insider Buying and Selling
In related news, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company's stock, valued at $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares of the company's stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several research firms have weighed in on TRV. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research report on Tuesday, May 26th. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a research note on Monday, July 20th. Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 20th. Piper Sandler lifted their price objective on shares of Travelers Companies to $340.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Finally, Zacks Research upgraded shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 29th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and a consensus price target of $354.26.
Get Our Latest Stock Analysis on TRV
About Travelers Companies
(
Free Report)
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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