SGL Investment Advisors Inc. Acquires Shares of 1,973 The Travelers Companies, Inc. $TRV

SGL Investment Advisors Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,973 shares of the insurance provider’s stock, valued at approximately $432,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies during the second quarter worth about $26,000. HHM Wealth Advisors LLC raised its stake in Travelers Companies by 145.7% during the first 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 in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in Travelers Companies during the 1st quarter worth approximately $26,000. Finally, Osterweis Capital Management Inc. grew its position in shares of Travelers Companies by 1,820.0% in 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.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TRV. Raymond James Financial set a $430.00 price target on Travelers Companies in a research report on Monday, July 20th. Evercore set a $329.00 price target on shares of Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. Barclays lifted their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Finally, Citigroup restated a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Stock Performance

TRV stock opened at $364.79 on Friday. The company has a 50-day simple moving average of $351.09 and a 200 day simple moving average of $317.80. The company has a market capitalization of $76.09 billion, a P/E ratio of 9.77, a PEG ratio of 3.44 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. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week high of $398.70.

Travelers Companies (NYSE:TRV) last released its quarterly 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 company 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%. Travelers Companies’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the firm earned $6.51 EPS. Sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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

Insider Buying and Selling

In related news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction on 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 transaction, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. The trade was a 33.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the company’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 sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by corporate insiders.

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.