First Nebraska Trust Co acquired a new stake in 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 1,455 shares of the insurance provider’s stock, valued at approximately $480,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $26,000. Kilter Group LLC purchased a new stake in shares of Travelers Companies in the second quarter valued at approximately $26,000. HHM Wealth Advisors LLC grew its holdings in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. acquired a new position in Travelers Companies during the fourth quarter worth $26,000. Finally, Whipplewood Advisors LLC purchased a new position in Travelers Companies in the first quarter worth $26,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on TRV shares. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Truist Financial increased their price target on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a research note on Monday, July 13th. Finally, UBS Group boosted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Four research 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 company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $354.26.
Insiders Place Their Bets
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 transaction of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. The trade was a 33.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 62,667 shares of company stock valued at $22,688,329. Corporate insiders own 1.39% of the company’s stock.
Travelers Companies Stock Performance
Shares of TRV stock opened at $363.83 on Friday. The stock has a fifty day moving average price of $352.28 and a 200 day moving average price of $318.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $75.88 billion, a PE ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.
Travelers Companies (NYSE:TRV – Get Free Report) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share 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 company had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the prior year, the company earned $6.51 earnings per share. Travelers Companies’s revenue was up .3% compared to the same quarter last year. Sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.
Travelers Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given 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 yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.
Travelers Companies 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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