CFO4Life Group LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,433 shares of the insurance provider’s stock, valued at approximately $316,000.
Other hedge funds have also added to or reduced their stakes in the company. 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. Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies during the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $26,000. Kilter Group LLC purchased a new position in Travelers Companies in the second quarter valued at approximately $26,000. Finally, Kemnay Advisory Services Inc. purchased a new position in Travelers Companies in the fourth quarter valued at approximately $26,000. Institutional investors own 82.45% of the company’s stock.
Travelers Companies Stock Down 0.2%
Travelers Companies stock opened at $363.83 on Friday. The firm has a 50 day simple moving average of $352.28 and a 200 day simple moving average of $318.12. 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 firm has a market capitalization of $75.88 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45.
Travelers Companies Dividend Announcement
The business also recently disclosed 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is presently 13.39%.
Analysts Set New Price Targets
A number of analysts have issued reports on TRV shares. UBS Group raised their target price on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Piper Sandler upped their price target on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Raymond James Financial set a $430.00 price target on Travelers Companies in a research note on Monday, July 20th. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research note on Tuesday, May 26th. Four equities research 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 company’s stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $354.26.
Get Our Latest Stock Analysis on Travelers Companies
Insider Buying and Selling at Travelers Companies
In other news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction 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 SEC filing for this sale provides additional information. Insiders have sold a total of 62,667 shares of company stock worth $22,688,329 in the last three months. 1.39% of the stock is currently owned by corporate insiders.
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.
Read More
- Five stocks we like better than Travelers Companies
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV – Free Report).
Receive News & Ratings for Travelers Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Travelers Companies and related companies with MarketBeat.com's FREE daily email newsletter.
