Sone Capital Management LLC Invests $18.61 Million in The Travelers Companies, Inc. $TRV

Key Points

• Sone Capital Management purchased 84,379 Travelers shares worth approximately $18.61 million, making TRV 1.4% of its portfolio. Institutional investors collectively own 82.45% of the company.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $354.26; targets range from $290 to $425.
• Travelers reported quarterly earnings of $10.04 per share, well above the $5.41 consensus estimate, on $12.15 billion in revenue. The company declared a quarterly dividend of $1.25 per share, while insiders sold roughly $19.6 million of stock over the past 90 days.

Sone Capital Management LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 84,379 shares of the insurance provider's stock, valued at approximately $18,605,000. Travelers Companies comprises 1.4% of Sone Capital Management LLC's portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also bought and sold shares of TRV. Brighton Jones LLC grew its holdings in Travelers Companies by 13.4% during the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new stake in Travelers Companies in the fourth quarter worth $276,000. WINTON GROUP Ltd bought a new position in shares of Travelers Companies during the second quarter worth $382,000. CIBC Asset Management Inc boosted its position in shares of Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider's stock worth $18,336,000 after purchasing an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Travelers Companies by 2.0% in the 2nd quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider's stock valued at $28,254,000 after buying an additional 2,117 shares during the period. Institutional investors own 82.45% of the company's stock.

Analyst Ratings Changes

TRV has been the subject of a number of recent analyst reports. Morgan Stanley upped their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the company an "underweight" rating in a research report on Tuesday, July 21st. HSBC boosted their target price on Travelers Companies from $321.00 to $351.00 and gave the company a "hold" rating in a research note on Monday, July 6th. Seaport Research Partners set a $322.00 price target on Travelers Companies in a report on Tuesday, May 26th. The Goldman Sachs Group lowered Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price target on the stock. in a research report on Monday, July 20th. Finally, Truist Financial lifted their price objective on Travelers Companies from $395.00 to $425.00 and gave the company a "buy" rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $354.26.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction that occurred on 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 sale, the chief financial officer owned 27,535 shares of the company's stock, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The shares were 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 in the company, valued at $3,393,884.94. The trade was a 63.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,667 shares of company stock valued at $19,611,829 in the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Up 1.9%

TRV opened at $370.65 on Tuesday. The stock has a market capitalization of $77.31 billion, a P/E ratio of 9.93, a P/E/G ratio of 3.46 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The firm's fifty day simple moving average is $353.55 and its 200 day simple moving average is $318.93.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion during the quarter, compared to analysts' expectations of $11.26 billion. During the same quarter in the prior year, the company earned $6.51 EPS. The company's revenue was up .3% on a year-over-year basis. As a group, research analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal 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 issued a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. Travelers Companies's dividend payout ratio (DPR) is presently 13.39%.

About Travelers Companies

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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