LaSalle St. Investment Advisors LLC Makes New Investment in The Travelers Companies, Inc. $TRV

LaSalle St. Investment Advisors LLC 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 SEC. The firm bought 1,864 shares of the insurance provider’s stock, valued at approximately $411,000.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its stake in Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC purchased a new position in shares of Travelers Companies in the 4th quarter valued at approximately $276,000. WINTON GROUP Ltd bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $382,000. CIBC Asset Management Inc grew its holdings in shares of Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock valued at $18,336,000 after buying an additional 8,383 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Travelers Companies by 2.0% in the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after purchasing an additional 2,117 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the sale, the executive vice president owned 5,298 shares in the company, valued at $2,048,789.58. This represents a 44.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This represents a 32.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 62,667 shares of company stock worth $22,688,329. Insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

NYSE:TRV opened at $364.79 on Friday. The firm has a market cap of $76.09 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45. The company has a 50 day moving average price of $351.09 and a 200-day moving average price of $317.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS 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 return on equity of 25.41% and a net margin of 16.95%.The business’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.51 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently declared 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 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%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TRV. BMO Capital Markets cut Travelers Companies from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $314.00 to $379.00 in a research report on Tuesday, July 21st. TD Cowen lowered Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target for the company. in a research report on Monday, July 13th. Truist Financial increased their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Mizuho upped their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $354.26.

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.