GSA Capital Partners LLP Makes New $928,000 Investment in The Travelers Companies, Inc. $TRV

GSA Capital Partners LLP purchased 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 Securities & Exchange Commission. The institutional investor purchased 2,810 shares of the insurance provider’s stock, valued at approximately $928,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of TRV. Berman McAleer LLC increased its stake in Travelers Companies by 3.5% in the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after purchasing an additional 30 shares during the period. Willner & Heller LLC lifted its position in Travelers Companies by 2.7% in the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after purchasing an additional 32 shares during the last quarter. Spinnaker Trust boosted its stake in shares of Travelers Companies by 1.7% during the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 33 shares during the period. Cim LLC grew its holdings in shares of Travelers Companies by 0.4% in the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after purchasing an additional 34 shares during the last quarter. Finally, Avalon Trust Co increased its stake in shares of Travelers Companies by 0.4% in the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after buying an additional 35 shares during the period. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Up 0.9%

TRV stock opened at $367.96 on Wednesday. The business’s 50-day moving average is $348.71 and its two-hundred day moving average is $316.68. The Travelers Companies, Inc. has a fifty-two week low of $252.26 and a fifty-two week 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. The company has a market cap of $76.74 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last issued its quarterly 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 analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter last year, the company posted $6.51 EPS. As a group, analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared 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. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.

Insiders Place Their Bets

In related news, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’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 transaction of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. HSBC increased their target price on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Evercore set a $329.00 target price on Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Finally, Piper Sandler boosted their price target on Travelers Companies to $340.00 and gave the company an “overweight” rating in a report on Monday, July 13th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Company 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.