West Family Investments Inc. Makes New $958,000 Investment in The Travelers Companies, Inc. $TRV

Key Points

• West Family Investments initiated a $958,000 position in Travelers during the second quarter, while 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 $1.25 quarterly dividend, equivalent to a 1.4% yield.
• Insiders sold $22.7 million of stock over the past 90 days, while analyst sentiment remains mixed: the average rating is “Hold,” with an average price target of $354.26.

West Family Investments Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,901 shares of the insurance provider's stock, valued at approximately $958,000.

Other institutional investors have also recently modified their holdings of the company. Bantamac Capital LLC purchased a new position in shares of Travelers Companies in the 2nd quarter valued at about $270,000. Tacita Capital Inc purchased a new position in Travelers Companies during the second quarter worth approximately $90,000. Knuff & Co LLC acquired a new stake in Travelers Companies in the second quarter valued at approximately $176,000. NewEdge Wealth LLC acquired a new stake in Travelers Companies in the second quarter valued at approximately $4,643,000. Finally, Smith Partners Wealth Management LLC acquired a new stake in Travelers Companies in the second quarter valued at approximately $650,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Diane Kurtzman sold 4,164 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares of the company's stock, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the firm's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares of the company's stock, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Trading Down 1.5%

Shares of Travelers Companies stock opened at $362.47 on Thursday. 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 stock's 50 day simple moving average is $349.88 and its 200-day simple moving average is $317.23. The stock has a market cap of $75.60 billion, a P/E ratio of 9.71, a P/E/G ratio of 3.50 and a beta of 0.45. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70.

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

Travelers Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

TRV has been the subject of several research analyst reports. Truist Financial upped their target price on Travelers Companies from $395.00 to $425.00 and gave the stock a "buy" rating in a research note on Monday, July 20th. Zacks Research raised shares of Travelers Companies from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 29th. Wells Fargo & Company upped their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 9th. JPMorgan Chase & Co. raised shares of Travelers Companies from an "underweight" rating to a "neutral" rating and increased their price objective for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, Roth Capital lifted their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. 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. Based on data from MarketBeat.com, the company presently 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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