Global Retirement Partners LLC Takes $1.78 Million Position in The Travelers Companies, Inc. $TRV

Global Retirement Partners LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,389 shares of the insurance provider’s stock, valued at approximately $1,779,000.

A number of other institutional investors have also recently added to or reduced their stakes in TRV. HHM Wealth Advisors LLC raised its position in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies during the first quarter worth about $26,000. LifeSteps Financial Inc. purchased a new stake in shares of Travelers Companies in the second quarter worth about $26,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the fourth quarter worth about $26,000. Finally, Osterweis Capital Management Inc. grew its stake in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after buying an additional 91 shares in the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on TRV. Raymond James Financial set a $430.00 target price on Travelers Companies in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a report on Tuesday, July 21st. Bank of America increased their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a research report on Monday, July 20th. TD Cowen lowered shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Finally, Wells Fargo & Company boosted their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Four research 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $354.26.

Insider Activity at Travelers Companies

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s 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 sale, the executive vice president directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the 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 transaction, the executive vice president 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by insiders.

Travelers Companies Stock Down 1.6%

Shares of NYSE TRV opened at $364.50 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The stock’s 50-day simple moving average is $347.35 and its 200-day simple moving average is $316.08. The firm has a market cap of $76.03 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $11.26 billion. During the same quarter in the prior year, the business posted $6.51 earnings per share. Travelers Companies’s revenue for the quarter was up .3% on a year-over-year basis. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share 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 is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 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.