Jupiter Topco LLC Acquires Shares of 26,408 The Travelers Companies, Inc. $TRV

by · The Markets Daily

Jupiter Topco LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRVFree Report) during the second quarter, HoldingsChannel reports. The fund bought 26,408 shares of the insurance provider’s stock, valued at approximately $8,721,000.

A number of other institutional investors have also modified their holdings of TRV. HHM Wealth Advisors LLC boosted its stake in Travelers Companies by 145.7% during the 1st 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 period. Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies in the first quarter valued at about $26,000. LifeSteps Financial Inc. acquired a new stake in shares of Travelers Companies during the second quarter worth about $26,000. Kilter Group LLC purchased a new position in shares of Travelers Companies during the second quarter worth about $26,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Travelers Companies in the 4th quarter valued at about $26,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the completion of the transaction, the executive vice president owned 45,125 shares in the company, valued at $16,519,811.25. This represents a 11.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the transaction, the executive vice president owned 9,213 shares in the company, valued at $3,393,884.94. This represents a 63.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,667 shares of company stock valued at $19,611,829 in the last ninety days. Company insiders own 1.39% of the company’s stock.

Travelers Companies Stock Down 0.0%

Shares of NYSE:TRV opened at $369.85 on Monday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $77.14 billion, a P/E ratio of 9.90, a P/E/G ratio of 3.52 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 stock’s fifty day simple moving average is $358.56 and its 200-day simple moving average is $320.97.

Travelers Companies (NYSE:TRVGet Free Report) last released its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the company earned $6.51 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a $1.25 dividend. 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 dividend payout ratio (DPR) is 13.39%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TRV. Barclays lifted their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Truist Financial boosted their price target on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research note on Monday, July 20th. Piper Sandler raised their price objective on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Bank of America lifted their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. Finally, Cantor Fitzgerald boosted their target price on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $354.26.

Read Our Latest Report on TRV

Travelers Companies Profile

(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.

Further Reading

Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRVFree Report).