Capstone Wealth Management Inc. Acquires Shares of 7,590 The Travelers Companies, Inc. $TRV

Capstone Wealth Management Inc. bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,590 shares of the insurance provider’s stock, valued at approximately $1,693,000. Travelers Companies accounts for about 1.3% of Capstone Wealth Management Inc.’s investment portfolio, making the stock its 6th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. HHM Wealth Advisors LLC grew its holdings in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies during the first quarter valued at $26,000. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies in the second quarter valued at about $26,000. Kilter Group LLC purchased a new stake in Travelers Companies in the second quarter worth about $26,000. Finally, Kemnay Advisory Services Inc. bought a new position in Travelers Companies during the 4th quarter worth about $26,000. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 transaction of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares in the company, valued at $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. In the last quarter, insiders have sold 52,667 shares of company stock valued at $19,611,829. Corporate insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on TRV shares. Wells Fargo & Company raised their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Morgan Stanley increased their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. 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. Truist Financial increased their target price on Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, July 20th. Finally, Evercore set a $329.00 price target on Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average price target of $354.26.

Travelers Companies Price Performance

NYSE TRV opened at $370.65 on Tuesday. The firm’s fifty day simple moving average is $353.55 and its two-hundred day simple moving average is $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 Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. The firm has a market capitalization of $77.31 billion, a P/E ratio of 9.93, a P/E/G ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the prior year, the business posted $6.51 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

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 given a dividend of $1.25 per share. 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 currently 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.