Shepherd Financial Partners LLC Invests $363,000 in The Travelers Companies, Inc. $TRV

by · The Cerbat Gem

Shepherd Financial Partners LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,646 shares of the insurance provider’s stock, valued at approximately $363,000.

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

Travelers Companies Stock Down 1.5%

Travelers Companies stock opened at $362.47 on Thursday. The firm has a market cap of $75.60 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 3.50 and a beta of 0.45. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The business’s 50-day moving average price is $349.88 and its 200 day moving average price is $317.23. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV – Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (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 company had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the company 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, sell-side analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced 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. 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 payout ratio is 13.39%.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares in the company, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. The trade was a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 62,667 shares of company stock worth $22,688,329. Insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the subject of a number of research reports. BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Piper Sandler raised their price target on shares of Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Mizuho lifted their price objective on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Roth Capital upped their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley increased their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus target price of $354.26.

Read Our Latest Research Report on Travelers Companies

About Travelers Companies

(Free Report)

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.

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