OneAscent Family Office LLC Acquires Shares of 1,992 The Travelers Companies, Inc. $TRV

OneAscent Family Office LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,992 shares of the insurance provider’s stock, valued at approximately $439,000.

Several other institutional investors and hedge funds have also made changes to their positions in TRV. BlackRock Inc. purchased a new stake in shares of Travelers Companies in the second quarter valued at approximately $6,915,909,000. Norges Bank purchased a new position in Travelers Companies during the fourth quarter worth approximately $723,339,000. Bank of New York Mellon Corp acquired a new position in Travelers Companies during the second quarter worth $469,505,000. Deutsche Bank AG acquired a new position in Travelers Companies during the second quarter worth $301,772,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Travelers Companies in the 2nd quarter valued at $205,539,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on TRV shares. Raymond James Financial set a $430.00 target price on Travelers Companies in a research note on Monday, July 20th. Morgan Stanley boosted their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a report on Tuesday, May 26th. Wells Fargo & Company raised their price objective 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. Finally, Mizuho lifted 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. Four equities 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 issued a Sell rating to the stock. According to MarketBeat, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Stock Performance

Shares of TRV stock opened at $363.83 on Friday. 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 firm has a market cap of $75.88 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The firm’s 50 day moving average price is $352.28 and its 200-day moving average price is $318.12. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70.

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

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Insiders Place Their Bets

In related news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the 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 transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. This trade represents a 9.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 62,667 shares of company stock valued at $22,688,329. Insiders own 1.39% of the company’s stock.

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.