Wealthfront Advisers LLC Takes $13.37 Million Position in The Travelers Companies, Inc. $TRV

Key Points

• Wealthfront Advisers initiated a $13.37 million position in Travelers Companies during the second quarter, purchasing 40,488 shares. Institutional investors collectively own 82.45% of the insurer.
• Travelers reported strong quarterly results, with EPS of $10.04 versus the $5.41 consensus estimate and revenue of $12.15 billion, above expectations. The company also declared a quarterly dividend of $1.25, equivalent to a 1.4% annual yield.
• Analyst sentiment remains mixed, with ratings ranging from Strong Buy to Sell and an overall “Hold” consensus. TRV opened at $367.96, while the average analyst price target is $354.26.

Wealthfront Advisers LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 40,488 shares of the insurance provider's stock, valued at approximately $13,366,000.

Several other large investors have also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC grew its holdings in Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider's stock valued at $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies during the 1st quarter valued at about $26,000. LifeSteps Financial Inc. purchased a new position in shares of Travelers Companies during the 2nd quarter worth about $26,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies in the fourth quarter worth approximately $26,000. Finally, Osterweis Capital Management Inc. boosted its position in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider's stock worth $26,000 after acquiring an additional 91 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the transaction, the executive vice president 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the company's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer directly owned 27,535 shares of the company's stock, valued at $10,139,488.40. The trade was a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 62,667 shares of company stock valued at $22,688,329 over the last ninety days. Insiders own 1.39% of the company's stock.

Travelers Companies Price Performance

TRV opened at $367.96 on Wednesday. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a 50 day moving average of $348.71 and a two-hundred day moving average of $316.68. The company has a market cap of $76.74 billion, a P/E ratio of 9.85, a P/E/G ratio of 3.52 and a beta of 0.45. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

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

Travelers Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TRV. TD Cowen lowered shares of Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price target for the company. in a research report on Monday, July 13th. Roth Capital lifted their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a research note on Monday, July 20th. JPMorgan Chase & Co. upgraded Travelers Companies from an "underweight" rating to a "neutral" rating and upped their price objective for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, Citigroup reaffirmed a "market perform" rating on shares of Travelers Companies in a research report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has an average rating of "Hold" and an average target price 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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