G2 Capital Management LLC OH Acquires New Holdings in The Travelers Companies, Inc. $TRV

G2 Capital Management LLC OH acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,534 shares of the insurance provider’s stock, valued at approximately $506,000. Travelers Companies makes up about 0.1% of G2 Capital Management LLC OH’s holdings, making the stock its 26th largest holding.

A number of other hedge funds also recently bought and sold shares of the stock. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies in the 2nd quarter worth $26,000. Kilter Group LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter worth $26,000. HHM Wealth Advisors LLC boosted its position 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 purchasing an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the fourth quarter valued at about $26,000. Finally, Whipplewood Advisors LLC purchased a new position in Travelers Companies in the first quarter valued at about $26,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $363.83 on Friday. The firm has a market capitalization of $75.88 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. 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 business has a fifty day moving average of $352.28 and a 200 day moving average of $318.12. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.51 EPS. As a group, research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend yield of 1.4%. Travelers Companies’s payout ratio is 13.39%.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were 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 of the company’s stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were 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. Insiders have sold 62,667 shares of company stock valued at $22,688,329 over the last quarter. Company insiders own 1.39% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several analyst reports. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Barclays lifted their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. BMO Capital Markets lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $314.00 to $379.00 in a research note on Tuesday, July 21st. Roth Capital increased 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. Finally, Weiss Ratings upgraded shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $354.26.

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.