Strathmore Capital Advisors Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 11,731 shares of the insurance provider's stock, valued at approximately $2,387,000. Travelers Companies accounts for approximately 0.6% of Strathmore Capital Advisors Inc.'s holdings, making the stock its 12th biggest position.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Berman McAleer LLC raised its position in Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider's stock worth $295,000 after acquiring an additional 30 shares during the period. Willner & Heller LLC increased its stake in shares of Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider's stock worth $398,000 after purchasing an additional 32 shares in the last quarter. Spinnaker Trust raised its position in shares of Travelers Companies by 1.7% during the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider's stock worth $565,000 after purchasing an additional 33 shares during the last quarter. Cim LLC raised its position in shares of Travelers Companies by 0.4% during the 4th 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 lifted its stake in Travelers Companies by 0.4% in the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider's stock valued at $2,562,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company's stock.
Travelers Companies Stock Performance
TRV opened at $362.47 on Thursday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The firm has a market capitalization of $75.60 billion, a PE ratio of 9.71, a PEG ratio of 3.50 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 firm's 50-day moving average price is $349.88 and its 200 day moving average price is $317.23.
Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the prior year, the firm earned $6.51 EPS. Travelers Companies's quarterly revenue was up .3% on a year-over-year basis. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.
Travelers Companies Dividend Announcement
The business also recently declared 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 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies's dividend payout ratio is 13.39%.
Insider Transactions at Travelers Companies
In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the company's stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at $16,519,811.25. This represents a 11.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of the firm's stock in a transaction on Friday, July 24th. The stock was 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 directly owned 5,298 shares of the company's stock, valued at $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. In the last 90 days, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
TRV has been the topic of several research analyst reports. Raymond James Financial set a $430.00 price objective on Travelers Companies in a report on Monday, July 20th. Roth Capital raised their target price on Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised Travelers Companies from an "underweight" rating to a "neutral" rating and lifted their price target for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. UBS Group boosted their price target on Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Finally, Piper Sandler increased their price objective on Travelers Companies to $340.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Four investment 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 given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $354.26.
Check Out Our Latest Report on Travelers Companies
Travelers Companies Company Profile
(
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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