Kimelman & Baird LLC Acquires Shares of 8,514 The Travelers Companies, Inc. $TRV

Kimelman & Baird LLC purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 8,514 shares of the insurance provider’s stock, valued at approximately $2,811,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of TRV. LifeSteps Financial Inc. acquired a new stake in Travelers Companies in the second quarter valued at $26,000. Kilter Group LLC acquired a new position in Travelers Companies during the 2nd quarter valued at approximately $26,000. HHM Wealth Advisors LLC grew its position in shares of 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 last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Travelers Companies in the fourth quarter worth $26,000. Finally, Whipplewood Advisors LLC acquired a new stake in Travelers Companies in the first quarter worth approximately $26,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

Shares of TRV opened at $369.85 on Friday. The firm has a market cap of $77.14 billion, a price-to-earnings ratio of 9.90, a price-to-earnings-growth ratio of 3.51 and a beta of 0.45. The company’s fifty day moving average is $358.56 and its 200-day moving average is $320.77. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The firm 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%. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the prior year, the company posted $6.51 earnings per share. Equities analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho boosted their price objective on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a report on Friday, July 24th. Bank of America boosted their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a research note on Monday, July 20th. UBS Group lifted their price objective on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley boosted their target price on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $354.26.

Insiders Place Their Bets

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were 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 approximately $10,139,488.40. This represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 52,667 shares of company stock worth $19,611,829 in the last three months. 1.39% of the stock is owned by 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.