Trajan Wealth LLC Takes Position in The Travelers Companies, Inc. $TRV

Key Points

• Trajan Wealth LLC acquired 36,860 shares of Travelers Companies in the second quarter, valued at approximately $8.1 million. Institutional investors collectively own 82.45% of TRV.
• Travelers reported quarterly earnings of $10.04 per share, substantially exceeding the $5.41 consensus estimate, while revenue reached $12.15 billion. The stock opened at $370.65 and has gained 1.9%.
• Insiders sold 52,667 shares worth approximately $19.6 million over the past quarter, while the company declared a quarterly dividend of $1.25, or $5.00 annually, yielding 1.3%. Analysts maintain a consensus “Hold” rating with an average price target of $354.26.

Trajan Wealth LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 36,860 shares of the insurance provider's stock, valued at approximately $8,127,000.

A number of other large investors have also recently bought and sold shares of TRV. Van Hulzen Asset Management LLC acquired a new stake in Travelers Companies during the 2nd quarter valued at approximately $236,000. Veratis Advisors Inc. acquired a new stake in shares of Travelers Companies in the second quarter worth $891,000. Peak Asset Management LLC purchased a new position in shares of Travelers Companies during the second quarter worth $617,000. Fiduciary Financial Advisors acquired a new position in Travelers Companies during the second quarter valued at $79,000. Finally, Manning & Napier Advisors LLC acquired a new position in Travelers Companies during the second quarter valued at $7,998,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Michael Frederick Klein sold 6,000 shares of the business's stock in a transaction on Tuesday, July 21st. The shares were 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 owned 45,125 shares of the company's stock, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the company's stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares of the company's stock, valued at $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Up 1.9%

TRV stock opened at $370.65 on Tuesday. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market cap of $77.31 billion, a P/E ratio of 9.93, a PEG ratio of 3.46 and a beta of 0.45. The company's 50-day simple moving average is $353.55 and its 200-day simple moving average is $318.93.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.51 EPS. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently disclosed 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 1.3%. Travelers Companies's payout ratio is 13.39%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TRV. JPMorgan Chase & Co. raised Travelers Companies from an "underweight" rating to a "neutral" rating and increased their price target for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Mizuho upped their target price on Travelers Companies from $324.00 to $343.00 and gave the stock a "neutral" rating in a research note on Friday, July 24th. Zacks Research raised Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Truist Financial lifted their price target on Travelers Companies from $395.00 to $425.00 and gave the company a "buy" rating in a research report on Monday, July 20th. Finally, HSBC boosted their price target on Travelers Companies from $321.00 to $351.00 and gave the company a "hold" rating in a report on Monday, July 6th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $354.26.

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.

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source