Focused Wealth Management Inc Buys Shares of 1,424 The Travelers Companies, Inc. $TRV

Focused Wealth Management Inc purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,424 shares of the insurance provider’s stock, valued at approximately $470,000.

A number of other institutional investors also recently made changes to their positions in the stock. Berman McAleer LLC increased its stake in shares of Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock valued at $295,000 after acquiring an additional 30 shares during the period. Willner & Heller LLC lifted its position in Travelers Companies by 2.7% in the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after purchasing an additional 32 shares during the period. Spinnaker Trust boosted its stake in Travelers Companies by 1.7% during the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 33 shares in the last quarter. Cim LLC boosted its stake in Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after purchasing an additional 34 shares in the last quarter. Finally, Avalon Trust Co increased its position in shares of Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after purchasing an additional 35 shares during the period. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

Shares of NYSE:TRV opened at $364.50 on Tuesday. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The stock has a fifty day moving average of $347.35 and a 200-day moving average of $316.08. The company has a market capitalization of $76.03 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33.

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

Travelers Companies Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Wall Street Analyst Weigh In

TRV has been the subject of several research analyst reports. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 29th. Bank of America boosted their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research report on Monday, July 20th. Roth Capital upped their price target 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, 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. Four equities research 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 issued a Sell rating to the company. According to data from MarketBeat.com, Travelers Companies currently has an average rating of “Hold” and an average price target of $354.26.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 62,667 shares of company stock worth $22,688,329 in the last three months. Insiders own 1.39% of the company’s stock.

About Travelers Companies

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.