Sumitomo Life Insurance Co. Takes $1.68 Million Position in The Travelers Companies, Inc. $TRV

Sumitomo Life Insurance Co. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 5,077 shares of the insurance provider’s stock, valued at approximately $1,676,000.

A number of other large investors have also recently bought and sold shares of TRV. LifeSteps Financial Inc. bought a new position in Travelers Companies during the second quarter valued at about $26,000. Kilter Group LLC bought a new stake in shares of Travelers Companies during the 2nd quarter worth about $26,000. HHM Wealth Advisors LLC boosted its stake in shares of 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 acquiring an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies during the 4th quarter valued at about $26,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies during the 1st quarter valued at about $26,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Price Performance

NYSE TRV opened at $363.83 on Friday. The stock has a 50-day simple moving average of $352.28 and a 200 day simple moving average of $318.12. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The stock has a market capitalization of $75.88 billion, a PE ratio of 9.74, a P/E/G ratio of 3.46 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 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. The firm had revenue of $12.15 billion for 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% on a year-over-year basis. During the same quarter last year, the firm posted $6.51 EPS. Research analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Insiders Place Their Bets

In related news, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s 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 transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 in the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TRV shares. Evercore set a $329.00 target price on Travelers Companies and gave the stock an “in-line” rating in a report on Friday, July 10th. Cantor Fitzgerald increased their price target on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. The Goldman Sachs Group lowered shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target on the stock. in a research report on Monday, July 20th. UBS Group boosted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Bank of America upped their price objective on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Company Profile

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.