Royal Capital Wealth Management LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 4,692 shares of the insurance provider’s stock, valued at approximately $1,035,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LifeSteps Financial Inc. purchased a new stake in Travelers Companies during the 2nd quarter valued at $26,000. Kilter Group LLC bought a new position in Travelers Companies during the second quarter valued at $26,000. HHM Wealth Advisors LLC increased its position in 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 acquiring an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter valued at $26,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies in the first quarter valued at $26,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.
Travelers Companies Stock Up 1.9%
NYSE:TRV opened at $370.65 on Tuesday. The company has a market cap of $77.31 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 3.46 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. 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 stock has a fifty day simple moving average of $353.55 and a 200-day simple moving average of $318.93.
Travelers Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s payout ratio is 13.39%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on TRV shares. Evercore set a $329.00 price target on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective for the company. in a research note on Monday, July 20th. Piper Sandler boosted their target price on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Seaport Research Partners set a $322.00 target price on Travelers Companies in a research report 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 stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $354.26.
Insiders Place Their Bets
In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is owned by company 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.
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