The Travelers Companies, Inc. $TRV Shares Bought by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services increased its Travelers stake by 90.7% in the second quarter, acquiring 155,822 additional shares and ending with a position worth approximately $109.4 million. Institutional investors and hedge funds own 82.45% of TRV.
• Travelers insiders sold 62,667 shares worth $22.7 million over the past three months. Analysts maintain a consensus “Hold” rating, with an average price target of $354.26.
• Travelers reported quarterly EPS of $10.04, far exceeding the $5.41 analyst estimate, on revenue of $12.15 billion. The company also declared a quarterly dividend of $1.25 per share, equivalent to an annualized $5.00 payout and a 1.4% yield.

Wealth Enhancement Advisory Services LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 90.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 327,681 shares of the insurance provider's stock after acquiring an additional 155,822 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.15% of Travelers Companies worth $109,442,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of TRV. Burney Co. raised its stake in Travelers Companies by 0.5% during the 2nd quarter. Burney Co. now owns 9,890 shares of the insurance provider's stock valued at $3,265,000 after acquiring an additional 50 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Travelers Companies by 39.4% during the 2nd quarter. QRG Capital Management Inc. now owns 89,892 shares of the insurance provider's stock worth $29,675,000 after purchasing an additional 25,395 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Travelers Companies by 4.5% during the second quarter. B. Riley Wealth Advisors Inc. now owns 2,586 shares of the insurance provider's stock worth $858,000 after buying an additional 112 shares in the last quarter. Kelly Financial Group LLC boosted its stake in shares of Travelers Companies by 20.1% during the 2nd quarter. Kelly Financial Group LLC now owns 1,148 shares of the insurance provider's stock worth $377,000 after acquiring an additional 192 shares in the last quarter. Finally, Sunbeam Capital Management LLC purchased a new stake in Travelers Companies during the second quarter worth $237,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the sale, the executive vice president directly owned 9,213 shares of the company's stock, 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 have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last three months. 1.39% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on TRV shares. Weiss Ratings reissued a "buy (a-)" rating on shares of Travelers Companies in a research note on Wednesday, August 5th. BMO Capital Markets downgraded shares of Travelers Companies from an "outperform" rating to a "market perform" rating and upped their price objective for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Mizuho raised their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a research report on Friday, July 24th. Piper Sandler boosted their target price on shares of Travelers Companies to $340.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Finally, Morgan Stanley upped their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Travelers Companies currently has a consensus rating of "Hold" and an average target price of $354.26.

Travelers Companies Price Performance

TRV stock opened at $369.94 on Thursday. The stock has a 50-day moving average price of $343.11 and a two-hundred day moving average price of $314.21. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. 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 company has a market cap of $77.16 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 3.57 and a beta of 0.45.

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, topping analysts' consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for 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%.The company's quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the business posted $6.51 EPS. As a group, research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio is 13.39%.

Travelers Companies Profile

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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