Valtrion Capital Management LLC Acquires Shares of 3,008 The Travelers Companies, Inc. $TRV

Key Points

• Valtrion Capital Management initiated a position in Travelers Companies by purchasing 3,008 shares valued at approximately $993,000. Institutional investors collectively own 82.45% of the insurer’s stock.
• Travelers reported quarterly EPS of $10.04, exceeding analyst expectations of $5.41, while revenue reached $12.15 billion versus the $11.26 billion consensus estimate.
• The company declared a quarterly dividend of $1.25 per share, equivalent to $5.00 annually and a 1.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $354.26.

Valtrion Capital Management LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,008 shares of the insurance provider's stock, valued at approximately $993,000. Travelers Companies comprises about 0.7% of Valtrion Capital Management LLC's investment portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jupiter Topco LLC bought a new stake in Travelers Companies during the second quarter worth about $8,721,000. Hsbc Holdings PLC bought a new stake in Travelers Companies during the 2nd quarter worth approximately $267,132,000. EFG International AG acquired a new stake in Travelers Companies during the 2nd quarter valued at $1,670,000. Ancora Advisors LLC acquired a new stake in Travelers Companies during the 2nd quarter valued at $2,693,000. Finally, Delos Wealth Advisors LLC bought a new position in Travelers Companies in the 2nd quarter valued at $30,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Down 0.3%

Shares of NYSE TRV opened at $369.40 on Wednesday. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70. The firm has a market capitalization of $77.05 billion, a P/E ratio of 9.89, a P/E/G ratio of 3.52 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The company's 50 day simple moving average is $354.79 and its 200 day simple moving average is $319.45.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results 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 firm had revenue of $12.15 billion during 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%. The business's quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.51 EPS. On average, analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TRV. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Travelers Companies in a report on Tuesday, July 21st. Roth Capital upped their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a "buy" rating in a research report on Tuesday, July 21st. Wells Fargo & Company increased their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the company an "equal weight" rating in a research note on Thursday, July 9th. Mizuho raised their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the company a "neutral" rating in a report on Friday, July 24th. Finally, TD Cowen downgraded Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price objective on the stock. in a report on Monday, July 13th. 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $354.26.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 6,000 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 45,125 shares of the company's stock, valued at $16,519,811.25. This represents a 11.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were 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 owned 9,213 shares in the company, valued at $3,393,884.94. This represents a 63.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 52,667 shares of company stock valued at $19,611,829. Corporate insiders own 1.39% of the company's stock.

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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