Reliant Investment Partners LLC Purchases New Position in The Travelers Companies, Inc. $TRV

Reliant Investment Partners LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,779 shares of the insurance provider’s stock, valued at approximately $3,038,000. Travelers Companies comprises about 2.1% of Reliant Investment Partners LLC’s portfolio, making the stock its 12th biggest holding.

Several other large investors have also recently bought and sold shares of TRV. LifeSteps Financial Inc. acquired a new stake in Travelers Companies in the second quarter worth $26,000. HHM Wealth Advisors LLC grew its holdings in shares of Travelers Companies by 145.7% in the 1st 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 period. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies in the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new stake in shares of Travelers Companies in the 1st quarter valued at $26,000. Finally, Osterweis Capital Management Inc. raised its stake 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 during the period. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Shares of NYSE TRV opened at $364.79 on Friday. The firm has a market cap of $76.09 billion, a PE ratio of 9.77, a PEG ratio of 3.44 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The company has a fifty day moving average price of $351.09 and a 200 day moving average price of $317.80.

Travelers Companies (NYSE:TRVGet Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter last year, the business posted $6.51 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. Research analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

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 dividend of $1.25 per share. The ex-dividend date 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 (DPR) is presently 13.39%.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies 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 sale, the chief financial officer owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the sale, the executive vice president owned 9,213 shares in the company, valued at $3,393,884.94. The trade was a 63.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 62,667 shares of company stock valued at $22,688,329 in the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TRV shares. BMO Capital Markets lowered Travelers Companies from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Piper Sandler increased their price target on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. Barclays boosted their price objective on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research note on Wednesday, August 5th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $354.26.

Check Out Our Latest Report on Travelers Companies

Travelers Companies Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Travelers Companies (NYSE:TRV)

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