Foster & Motley Inc. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,794 shares of the insurance provider’s stock, valued at approximately $6,204,000.
A number of other hedge funds also recently bought and sold shares of TRV. LifeSteps Financial Inc. purchased a new stake in shares of Travelers Companies in the 2nd quarter valued at $26,000. HHM Wealth Advisors LLC grew its stake in shares of 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 buying an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Travelers Companies in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new stake in Travelers Companies in the first quarter valued at approximately $26,000. Finally, Osterweis Capital Management Inc. boosted its stake in shares of Travelers Companies by 1,820.0% during the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Institutional investors own 82.45% of the company’s stock.
Travelers Companies Trading Up 0.9%
NYSE TRV opened at $367.96 on Wednesday. The stock’s 50 day moving average is $348.71 and its 200 day moving average is $316.68. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $76.74 billion, a PE ratio of 9.85, a P/E/G ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70.
Travelers Companies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.
Insider Buying and Selling at Travelers Companies
In other news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the transaction, the executive vice president directly owned 5,298 shares in the company, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 over the last three months. 1.39% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on TRV shares. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. BMO Capital Markets lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Piper Sandler increased their price objective on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Finally, Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Four research 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 issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $354.26.
View Our Latest Stock Analysis on TRV
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.
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