Kilter Group LLC bought a new stake in 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 and Exchange Commission (SEC). The firm bought 1,663 shares of the insurance provider’s stock, valued at approximately $367,000. Travelers Companies makes up 0.1% of Kilter Group LLC’s holdings, making the stock its 29th largest position.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. HHM Wealth Advisors LLC lifted its stake 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 acquiring an additional 51 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies during the 1st quarter valued at $26,000. LifeSteps Financial Inc. bought a new stake in Travelers Companies during the 2nd quarter worth $26,000. Kemnay Advisory Services Inc. acquired a new position in Travelers Companies in the 4th quarter worth about $26,000. Finally, Osterweis Capital Management Inc. increased its holdings in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on TRV. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Morgan Stanley upped their price objective on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Wells Fargo & Company raised their price objective on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Cantor Fitzgerald lifted their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Finally, Bank of America boosted their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average target price of $354.26.
Insider Buying and Selling at Travelers Companies
In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of the business’s stock in a transaction that occurred on 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 over the last ninety days. Insiders own 1.39% of the company’s stock.
Travelers Companies Price Performance
TRV stock opened at $364.79 on Friday. 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 cap of $76.09 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 3.44 and a beta of 0.45. The company’s fifty day simple moving average is $351.09 and its 200 day simple moving average is $317.80. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70.
Travelers Companies (NYSE:TRV – Get Free Report) last issued its quarterly earnings results 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. 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 during the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the business posted $6.51 EPS. The business’s revenue was up .3% compared to the same quarter last year. On average, analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.
Travelers Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.
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.
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