SteelPeak Wealth LLC Acquires 1,434 Shares of The Travelers Companies, Inc. $TRV

Key Points

• SteelPeak Wealth LLC increased its stake in The Travelers Companies, acquiring an additional 1,434 shares during the second quarter, resulting in a total of 25,897 shares valued at approximately $6.93 million.
• The Travelers Companies recently announced a quarterly dividend of $1.10, which reflects an annualized dividend yield of 1.6% and a payout ratio of 19.46%.
• Travelers reported a strong quarterly earnings result with earnings per share of $6.51, significantly exceeding analysts' expectations, and a revenue increase of 7.4% compared to the same quarter last year.

SteelPeak Wealth LLC increased its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 5.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 25,897 shares of the insurance provider's stock after acquiring an additional 1,434 shares during the period. SteelPeak Wealth LLC's holdings in Travelers Companies were worth $6,928,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. PUREfi Wealth LLC lifted its stake in shares of Travelers Companies by 39.8% during the 2nd quarter. PUREfi Wealth LLC now owns 2,283 shares of the insurance provider's stock worth $611,000 after acquiring an additional 650 shares during the last quarter. Cullinan Associates Inc. lifted its stake in shares of Travelers Companies by 8.4% during the 2nd quarter. Cullinan Associates Inc. now owns 23,311 shares of the insurance provider's stock worth $6,237,000 after acquiring an additional 1,809 shares during the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of Travelers Companies by 71,265.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider's stock worth $967,646,000 after acquiring an additional 3,611,758 shares during the last quarter. Plimoth Trust Co. LLC lifted its stake in shares of Travelers Companies by 6.3% during the 2nd quarter. Plimoth Trust Co. LLC now owns 5,287 shares of the insurance provider's stock worth $1,414,000 after acquiring an additional 315 shares during the last quarter. Finally, DAVENPORT & Co LLC lifted its stake in shares of Travelers Companies by 10.7% during the 2nd quarter. DAVENPORT & Co LLC now owns 4,460 shares of the insurance provider's stock worth $1,193,000 after acquiring an additional 430 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Gregory C. Toczydlowski sold 11,505 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $266.12, for a total value of $3,061,710.60. Following the transaction, the executive vice president owned 18,416 shares in the company, valued at approximately $4,900,865.92. This trade represents a 38.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.46% of the company's stock.

Travelers Companies Trading Down 0.7%

Shares of NYSE:TRV opened at $282.70 on Tuesday. The Travelers Companies, Inc. has a 12-month low of $224.62 and a 12-month high of $286.17. The business's fifty day simple moving average is $272.16 and its 200-day simple moving average is $265.71. The company has a market capitalization of $63.65 billion, a PE ratio of 12.50, a P/E/G ratio of 3.27 and a beta of 0.51. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The insurance provider reported $6.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.52 by $2.99. Travelers Companies had a return on equity of 18.68% and a net margin of 10.97%.The business had revenue of $11.54 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the business posted $2.51 EPS. The business's revenue was up 7.4% compared to the same quarter last year. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 17.02 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Wednesday, September 10th were issued a $1.10 dividend. The ex-dividend date was Wednesday, September 10th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.6%. Travelers Companies's dividend payout ratio (DPR) is currently 19.46%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on TRV. Weiss Ratings reissued a "buy (b+)" rating on shares of Travelers Companies in a research note on Saturday, September 27th. Evercore ISI reaffirmed an "outperform" rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Keefe, Bruyette & Woods lifted their target price on Travelers Companies from $304.00 to $316.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Citigroup initiated coverage on Travelers Companies in a research report on Wednesday, August 13th. They set a "neutral" rating and a $291.00 target price for the company. Finally, Barclays lowered Travelers Companies from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $280.00 to $274.00 in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $284.56.

Travelers Companies Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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