1,020 Shares in The Travelers Companies, Inc. (NYSE:TRV) Purchased by Wedgewood Investors Inc. PA

Wedgewood Investors Inc. PA purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,020 shares of the insurance provider’s stock, valued at approximately $207,000.

Several other large investors have also recently added to or reduced their stakes in TRV. Pathway Financial Advisers LLC bought a new stake in shares of Travelers Companies during the first quarter valued at approximately $35,000. Beacon Capital Management LLC lifted its holdings in shares of Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 66 shares during the period. Northwest Financial Advisors bought a new position in shares of Travelers Companies during the 4th quarter worth about $32,000. Opal Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the 1st quarter valued at about $42,000. Finally, Tributary Capital Management LLC bought a new stake in Travelers Companies in the first quarter valued at about $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the sale, the executive vice president now owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.33% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TRV. Piper Sandler decreased their price objective on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research note on Monday, July 22nd. Citigroup boosted their price target on shares of Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Morgan Stanley cut their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their target price on shares of Travelers Companies from $220.00 to $242.00 and gave the stock an “underweight” rating in a report on Thursday, July 11th. Finally, Bank of America increased their price target on Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $223.78.

Travelers Companies Stock Up 1.8 %

TRV stock traded up $3.96 during mid-day trading on Friday, hitting $221.82. 1,142,811 shares of the company were exchanged, compared to its average volume of 1,347,290. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $232.75. The firm’s 50 day simple moving average is $210.85 and its 200 day simple moving average is $215.50. The firm has a market cap of $50.80 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.12 and a beta of 0.61.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 EPS for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.35 billion. Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. On average, sell-side analysts predict that The Travelers Companies, Inc. will post 17.23 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, September 10th. Travelers Companies’s dividend payout ratio (DPR) 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.