The Travelers Companies, Inc. $TRV Position Lessened by Inceptionr LLC

Key Points

• Inceptionr LLC cut its Travelers position by 82.1% in the first quarter, selling 5,460 shares and retaining 1,194 shares worth approximately $348,000. Institutional investors and hedge funds collectively own 82.45% of the company.
• Travelers reported quarterly EPS of $10.04, substantially exceeding the $5.41 analyst consensus, while revenue reached $12.15 billion. Shares opened at $390.51, near their 52-week high of $391.99.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.3% yield. Analysts maintain an average “Hold” rating with a consensus price target of $354.26.

Inceptionr LLC lowered its position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 82.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,194 shares of the insurance provider's stock after selling 5,460 shares during the quarter. Inceptionr LLC's holdings in Travelers Companies were worth $348,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its holdings in shares of Travelers Companies by 145.7% during 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. Kemnay Advisory Services Inc. bought a new position in Travelers Companies during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in Travelers Companies during the first quarter valued at approximately $26,000. Osterweis Capital Management Inc. lifted its stake in Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock valued at $26,000 after acquiring an additional 91 shares during the last quarter. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $28,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of Travelers Companies stock opened at $390.51 on Tuesday. 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 has a fifty day simple moving average of $323.75 and a 200-day simple moving average of $305.34. The stock has a market capitalization of $81.45 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 3.83 and a beta of 0.46. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $391.99.

Travelers Companies (NYSE:TRV - Get Free Report) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. Travelers Companies's revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $6.51 EPS. On average, sell-side analysts expect that The Travelers Companies, Inc. will post 32.49 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm 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. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio (DPR) is currently 13.39%.

Analyst Ratings Changes

TRV has been the topic of several analyst reports. Keefe, Bruyette & Woods restated a "market perform" rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Morgan Stanley upped their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an "underweight" rating in a report on Tuesday, July 21st. Cantor Fitzgerald increased their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Roth Capital raised their target price on Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Finally, Bank of America boosted their price target on Travelers Companies from $283.00 to $307.00 and gave the stock an "underperform" rating in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $354.26.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the business's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company's stock, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.39% of the company's stock.

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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