SteelPeak Wealth LLC Purchases 21,688 Shares of The Travelers Companies, Inc. (NYSE:TRV)

SteelPeak Wealth LLC boosted its position in The Travelers Companies, Inc. (NYSE:TRV) by 536.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,728 shares of the insurance provider’s stock after purchasing an additional 21,688 shares during the quarter. SteelPeak Wealth LLC’s holdings in Travelers Companies were worth $5,921,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TRV. Bank of Nova Scotia raised its stake in Travelers Companies by 14.0% in the 3rd quarter. Bank of Nova Scotia now owns 25,437 shares of the insurance provider’s stock worth $4,154,000 after purchasing an additional 3,124 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in Travelers Companies during the third quarter worth approximately $756,000. Gotham Asset Management LLC increased its stake in Travelers Companies by 6.3% during the 3rd quarter. Gotham Asset Management LLC now owns 15,209 shares of the insurance provider’s stock worth $2,484,000 after acquiring an additional 899 shares during the period. Rehmann Capital Advisory Group raised its holdings in Travelers Companies by 6.8% in the 3rd quarter. Rehmann Capital Advisory Group now owns 1,412 shares of the insurance provider’s stock valued at $231,000 after acquiring an additional 90 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Travelers Companies during the 3rd quarter valued at $25,301,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on TRV. JPMorgan Chase & Co. boosted their price target on Travelers Companies from $194.00 to $213.00 and gave the company an “underweight” rating in a research note on Monday, April 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a report on Monday, June 24th. Morgan Stanley increased their price target on shares of Travelers Companies from $214.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Friday, May 10th. UBS Group lowered their price objective on shares of Travelers Companies from $237.00 to $230.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Finally, Keefe, Bruyette & Woods reduced their target price on Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Travelers Companies currently has a consensus rating of “Hold” and a consensus price target of $221.12.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total value of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares in the company, valued at $4,877,860.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Daniel S. Frey sold 5,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $212.90, for a total value of $1,064,500.00. Following the transaction, the chief financial officer now directly owns 18,515 shares in the company, valued at approximately $3,941,843.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold 18,635 shares of company stock worth $3,980,827 over the last ninety days. Insiders own 1.33% of the company’s stock.

Travelers Companies Trading Down 1.7 %

NYSE TRV traded down $3.61 on Friday, hitting $203.34. The company’s stock had a trading volume of 2,390,759 shares, compared to its average volume of 1,290,044. The company’s 50-day moving average is $212.47 and its 200 day moving average is $211.70. The firm has a market cap of $46.56 billion, a PE ratio of 15.11, a PEG ratio of 1.08 and a beta of 0.62. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.11 earnings per share. As a group, analysts predict that The Travelers Companies, Inc. will post 17.59 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 10th were paid a $1.05 dividend. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date was Monday, June 10th. Travelers Companies’s payout ratio is currently 31.20%.

Travelers Companies Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.