Partners Capital Investment Group LLP Buys New Stake in The Travelers Companies, Inc. $TRV

Partners Capital Investment Group LLP bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,223 shares of the insurance provider’s stock, valued at approximately $490,000.

Several other large investors also recently bought and sold shares of TRV. HHM Wealth Advisors LLC grew its stake in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies in the first quarter valued at about $26,000. LifeSteps Financial Inc. purchased a new stake in Travelers Companies in the 2nd quarter valued at approximately $26,000. Kilter Group LLC acquired a new position in Travelers Companies during the second quarter worth $26,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $26,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on TRV shares. BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. Barclays boosted their price target on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Truist Financial raised their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company lifted their target price 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. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $354.26.

Travelers Companies Stock Up 1.9%

NYSE:TRV opened at $370.65 on Tuesday. The stock has a 50-day simple moving average of $353.55 and a 200 day simple moving average of $318.93. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company has a market capitalization 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 company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Insider Activity

In other news, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction 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 transaction, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,667 shares of company stock worth $19,611,829 over the last three months. Insiders own 1.39% of the company’s stock.

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.