The Travelers Companies, Inc. $TRV Shares Purchased by Brookstone Capital Management

Key Points

• Brookstone Capital Management increased its Travelers stake by 13.3% in the second quarter, bringing its holdings to 57,502 shares valued at approximately $18.98 million. Institutional investors and hedge funds collectively own 82.45% of the company.
• Travelers reported quarterly EPS of $10.04, far exceeding the $5.41 consensus estimate, while revenue reached $12.15 billion. The company declared a $1.25 quarterly dividend, equivalent to $5.00 annually and a 1.4% yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $354.26. Meanwhile, insiders sold 62,667 shares worth approximately $22.69 million over the past 90 days, and TRV opened at $369.94.

Brookstone Capital Management boosted its stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 13.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,502 shares of the insurance provider's stock after acquiring an additional 6,770 shares during the quarter. Brookstone Capital Management's holdings in Travelers Companies were worth $18,983,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TRV. Wealth Enhancement Advisory Services LLC grew its stake in shares of Travelers Companies by 90.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 327,681 shares of the insurance provider's stock worth $109,442,000 after purchasing an additional 155,822 shares during the period. Burney Co. lifted its stake in shares of Travelers Companies by 0.5% in the 2nd quarter. Burney Co. now owns 9,890 shares of the insurance provider's stock valued at $3,265,000 after purchasing an additional 50 shares during the period. QRG Capital Management Inc. boosted its holdings in Travelers Companies by 39.4% during the second quarter. QRG Capital Management Inc. now owns 89,892 shares of the insurance provider's stock worth $29,675,000 after buying 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. Finally, Kelly Financial Group LLC grew its position in Travelers Companies by 20.1% during the second quarter. Kelly Financial Group LLC now owns 1,148 shares of the insurance provider's stock valued at $377,000 after buying an additional 192 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares of the company's stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,667 shares of company stock worth $22,688,329 in the last 90 days. Corporate insiders own 1.39% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the company an "equal weight" rating in a report on Thursday, July 9th. Barclays raised their target price on Travelers Companies from $295.00 to $318.00 and gave the company an "underweight" rating in a research report on Tuesday, July 21st. Piper Sandler lifted their price target on Travelers Companies to $340.00 and gave the company an "overweight" rating in a research note on Monday, July 13th. Morgan Stanley upped their price target on Travelers Companies from $290.00 to $330.00 and gave the stock an "underweight" rating in a report on Tuesday, July 21st. Finally, Bank of America increased 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. Four research 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, Travelers Companies presently has a consensus rating of "Hold" and a consensus target price of $354.26.

Travelers Companies Stock Down 1.5%

Shares of TRV opened at $369.94 on Thursday. The stock has a 50 day moving average price of $343.11 and a 200 day moving average price of $314.21. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market capitalization of $77.16 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 3.57 and a beta of 0.45.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $11.26 billion. During the same quarter in the previous year, the company posted $6.51 EPS. The firm's quarterly revenue was up .3% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies's payout ratio is presently 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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