Trajan Wealth LLC Takes $8.13 Million Position in The Travelers Companies, Inc. $TRV

Trajan Wealth LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 36,860 shares of the insurance provider’s stock, valued at approximately $8,127,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TRV. BlackRock Inc. purchased a new position in shares of Travelers Companies in the second quarter worth about $6,915,909,000. Norges Bank purchased a new stake in Travelers Companies during the 4th quarter valued at about $723,339,000. GQG Partners LLC acquired a new stake in Travelers Companies in the 2nd quarter valued at about $789,024,000. Bank of New York Mellon Corp acquired a new stake in Travelers Companies in the 2nd quarter valued at about $469,505,000. Finally, Deutsche Bank AG acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $301,772,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Upgrades and Downgrades

TRV has been the subject of several recent research reports. Wells Fargo & Company increased their price target on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a report on Thursday, July 9th. Citigroup restated a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Piper Sandler lifted their price target on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. Roth Capital boosted their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Bank of America lifted their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Four investment 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 MarketBeat, the company currently has an average rating of “Hold” and an average price target of $354.26.

Insider Buying and Selling

In other news, EVP Michael Frederick Klein sold 6,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president directly owned 45,125 shares in the company, valued at $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 52,667 shares of company stock valued at $19,611,829 over the last quarter. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

NYSE TRV opened at $370.65 on Tuesday. The stock has a fifty day simple moving average of $353.55 and a 200-day simple moving average of $318.93. 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 market cap of $77.31 billion, a PE ratio of 9.93, a P/E/G 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.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period last year, the business earned $6.51 earnings per share. Equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company 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 $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.3%. 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.