PYA Waltman Capital LLC Grows Stock Holdings in The Travelers Companies, Inc. $TRV

PYA Waltman Capital LLC lifted its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 23.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,598 shares of the insurance provider’s stock after acquiring an additional 1,456 shares during the quarter. PYA Waltman Capital LLC’s holdings in Travelers Companies were worth $2,508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Travelers Companies in the second quarter valued at $6,915,909,000. Bank of America Corp DE purchased a new position in shares of Travelers Companies during the 2nd quarter valued at about $932,142,000. Norges Bank purchased a new position in shares of Travelers Companies during the 4th quarter valued at about $723,339,000. GQG Partners LLC acquired a new position in shares of Travelers Companies in the 2nd quarter valued at about $789,024,000. Finally, Legal & General Group Plc acquired a new position in shares of Travelers Companies in the 2nd quarter valued at about $558,164,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on TRV. Evercore set a $329.00 target price on Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. 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. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research report on Monday, July 13th. Bank of America raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Price Performance

NYSE:TRV opened at $363.61 on Wednesday. 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 52 week low of $252.26 and a 52 week high of $398.70. The stock’s 50-day moving average price is $360.59 and its 200-day moving average price is $321.90. The stock has a market capitalization of $75.84 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 2.46 and a beta of 0.45.

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

Travelers Companies Announces Dividend

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

Insider Buying and Selling at Travelers Companies

In other news, EVP Maria Olivo sold 6,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $369.86, for a total transaction of $2,219,160.00. Following the transaction, the executive vice president owned 118,742 shares in the company, valued at $43,917,916.12. This trade represents a 4.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction on Tuesday, July 21st. The shares were 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 in the company, valued at $16,519,811.25. This represents a 11.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 58,667 shares of company stock worth $21,830,989. 1.39% of the stock is currently owned by corporate insiders.

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.