The Travelers Companies, Inc. $TRV Shares Acquired by Kintra Wealth LLC

Kintra Wealth LLC increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 145.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,926 shares of the insurance provider’s stock after buying an additional 1,736 shares during the quarter. Kintra Wealth LLC’s holdings in Travelers Companies were worth $966,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TRV. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Travelers Companies in the 2nd quarter valued at $4,447,000. Arbejdsmarkedets Tillaegspension acquired a new stake in Travelers Companies in the fourth quarter valued at approximately $24,167,000. Rit Capital Partners PLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $39,450,000. Bank of Nova Scotia purchased a new stake in Travelers Companies during the 2nd quarter worth about $19,949,000. Finally, Haverford Trust Co purchased a new stake in Travelers Companies during the second quarter worth approximately $1,723,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Travelers Companies news, EVP David Rowland sold 5,000 shares of Travelers Companies stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel Yin sold 7,153 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,667 shares of company stock worth $21,830,989 over the last quarter. 1.39% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. UBS Group upped their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Raymond James Financial set a $430.00 target price on shares of Travelers Companies in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Finally, Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research report on Tuesday, May 26th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $354.26.

Travelers Companies Trading Down 0.1%

Shares of Travelers Companies stock opened at $369.01 on Monday. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The company has a market capitalization of $76.96 billion, a P/E ratio of 9.88, a PEG ratio of 2.48 and a beta of 0.44. The company’s fifty day moving average is $363.46 and its two-hundred day moving average is $323.48.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the prior year, the company earned $6.51 earnings per share. The business’s revenue was up .3% compared to the same quarter last year. Analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

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

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.