The Travelers Companies, Inc. $TRV Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC boosted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 916.6% in the second quarter, HoldingsChannel.com reports. The fund owned 43,226 shares of the insurance provider’s stock after purchasing an additional 38,974 shares during the period. SteelPeak Wealth LLC’s holdings in Travelers Companies were worth $14,270,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. HHM Wealth Advisors LLC boosted its stake in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies during the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC purchased a new stake in Travelers Companies during the 1st quarter worth approximately $26,000. Osterweis Capital Management Inc. lifted its holdings in Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Travelers Companies in the 4th quarter valued at approximately $28,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a research note on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Citigroup restated a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a research report on Wednesday, August 5th. Finally, Mizuho boosted their price objective on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Trading Down 1.5%

NYSE:TRV opened at $369.94 on Thursday. The stock has a 50-day simple moving average of $343.11 and a 200-day simple moving average of $314.21. The stock has a market cap of $77.16 billion, a P/E ratio of 9.91, a P/E/G ratio of 3.57 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. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping the consensus estimate of $5.41 by $4.63. The business 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 quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $6.51 EPS. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

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 issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Insider Buying and Selling at Travelers Companies

In other news, 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 completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. This represents a 33.77% 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 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by 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.