United Bank Makes New $2.54 Million Investment in The Travelers Companies, Inc. $TRV

Key Points

• United Bank acquired 11,501 Travelers shares worth approximately $2.54 million during the second quarter. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, beating analyst estimates of $5.41, while revenue reached $12.15 billion versus expectations of $11.26 billion.
• Insiders sold 62,667 shares worth about $22.7 million over the past 90 days. The company also announced a quarterly dividend of $1.25 per share, representing a 1.4% yield.

United Bank acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,501 shares of the insurance provider's stock, valued at approximately $2,536,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. HHM Wealth Advisors LLC increased its stake in shares of Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock worth $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC purchased a new position in Travelers Companies in the first quarter worth approximately $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies in the second quarter worth approximately $26,000. Kemnay Advisory Services Inc. acquired a new position in Travelers Companies during the 4th quarter worth approximately $26,000. Finally, Osterweis Capital Management Inc. grew its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Activity

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm's stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares of the company's stock, valued at $26,638,758. This trade represents a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the business's stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 62,667 shares of company stock valued at $22,688,329. Insiders own 1.39% of the company's stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $362.47 on Thursday. The firm's fifty day simple moving average is $349.88 and its 200-day simple moving average is $317.23. The stock has a market capitalization of $75.60 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 3.50 and a beta of 0.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping 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 firm had revenue of $12.15 billion during the quarter, compared to analysts' expectations of $11.26 billion. During the same quarter in the prior year, the business earned $6.51 EPS. Travelers Companies's quarterly revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TRV. Roth Capital boosted their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. Cantor Fitzgerald upped their price objective on Travelers Companies from $335.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. The Goldman Sachs Group downgraded Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 price objective on the stock. in a report on Monday, July 20th. BMO Capital Markets lowered Travelers Companies from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $314.00 to $379.00 in a research report on Tuesday, July 21st. Finally, Zacks Research upgraded Travelers Companies from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 29th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus 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.

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