Capstone Wealth Management Inc. Makes New Investment in The Travelers Companies, Inc. $TRV

Capstone Wealth Management Inc. acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 7,590 shares of the insurance provider’s stock, valued at approximately $1,693,000. Travelers Companies accounts for 1.3% of Capstone Wealth Management Inc.’s portfolio, making the stock its 6th largest holding.

Other large investors have also made changes to their positions in the company. Flavin Financial Services Inc. purchased a new position in shares of Travelers Companies during the second quarter worth $912,000. Asset One Wealth Management LLC purchased a new stake in Travelers Companies in the second quarter valued at $536,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in Travelers Companies in the second quarter valued at $502,000. Ally Financial Inc. acquired a new stake in Travelers Companies during the 2nd quarter worth about $2,646,000. Finally, TCM Advisors LLC acquired a new stake in Travelers Companies during the 2nd quarter worth about $1,075,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 52,667 shares of company stock worth $19,611,829 in the last quarter. 1.39% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Evercore set a $329.00 price objective on Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a research report on Monday, July 20th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research report on Monday, July 13th. Finally, Truist Financial lifted their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Up 1.9%

Travelers Companies stock opened at $370.65 on Tuesday. 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 has a market capitalization of $77.31 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The business has a 50 day simple moving average of $353.55 and a 200-day simple moving average of $318.93. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70.

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

Travelers Companies Announces Dividend

The company 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 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is presently 13.39%.

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.