291,659 Shares in The Travelers Companies, Inc. $TRV Purchased by Corient Private Wealth LP

Corient Private Wealth LP purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 291,659 shares of the insurance provider’s stock, valued at approximately $64,308,000.

Several other hedge funds have also bought and sold shares of the stock. LifeSteps Financial Inc. purchased a new stake in Travelers Companies during the second quarter worth $26,000. Kilter Group LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter worth about $26,000. HHM Wealth Advisors LLC grew its position in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at approximately $26,000. Finally, Whipplewood Advisors LLC purchased a new stake in Travelers Companies in the 1st quarter worth $26,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

TRV stock opened at $369.13 on Friday. 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 current ratio of 0.33 and a quick ratio of 0.33. The firm has a market capitalization of $76.99 billion, a PE ratio of 9.89, a price-to-earnings-growth ratio of 3.53 and a beta of 0.45. The business has a 50 day simple moving average of $357.31 and a 200-day simple moving average of $320.43.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share 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 analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $6.51 earnings per share. Equities research analysts anticipate 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 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. 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 dividend payout ratio is currently 13.39%.

Analyst Ratings Changes

Several research analysts recently weighed in on TRV shares. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. HSBC boosted their price objective on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research note on Monday, July 6th. Evercore set a $329.00 target price on Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Raymond James Financial set a $430.00 price target on Travelers Companies in a research note on Monday, July 20th. Finally, Roth Capital boosted their price target on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. 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 given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and a consensus target price of $354.26.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the transaction, the executive vice president directly owned 5,298 shares in the company, valued at $2,048,789.58. The trade was a 44.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This trade represents a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,667 shares of company stock valued at $19,611,829 in the last three months. 1.39% of the stock is currently owned by corporate insiders.

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.