Main Street Financial Solutions LLC Acquires Shares of 1,485 The Travelers Companies, Inc. $TRV

Main Street Financial Solutions LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, Holdings Channel.com reports. The firm bought 1,485 shares of the insurance provider’s stock, valued at approximately $490,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TRV. LifeSteps Financial Inc. bought a new position in Travelers Companies in the second quarter worth $26,000. HHM Wealth Advisors LLC boosted its holdings 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 valued at $25,000 after buying an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the 4th quarter worth about $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies in the 1st quarter worth about $26,000. Finally, Osterweis Capital Management Inc. increased its stake in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays upped their price objective on shares of Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Evercore set a $329.00 price target on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research report on Tuesday, May 26th. Bank of America upped their target price on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a research note on Monday, July 20th. Finally, Piper Sandler raised their price target on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $354.26.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Diane Kurtzman sold 4,164 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,667 shares of company stock worth $22,688,329 over the last three months. 1.39% of the stock is currently owned by insiders.

Travelers Companies Price Performance

NYSE TRV opened at $367.96 on Wednesday. The company has a 50-day moving average price of $348.71 and a 200-day moving average price of $316.68. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $76.74 billion, a P/E ratio of 9.85, a PEG ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70.

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 firm’s revenue was up .3% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

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. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 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.