3,500 Shares in The Travelers Companies, Inc. $TRV Acquired by Redwood Investment Management LLC

Redwood Investment Management LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,500 shares of the insurance provider’s stock, valued at approximately $1,155,000.

Other large investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC lifted its holdings in Travelers Companies by 145.7% during the first 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. Osterweis Capital Management Inc. increased its holdings in shares of Travelers Companies by 1,820.0% in the second 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. Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies during the fourth quarter worth about $26,000. Whipplewood Advisors LLC bought a new position in shares of Travelers Companies during the 1st quarter valued at about $26,000. Finally, LifeSteps Financial Inc. bought a new position in shares of Travelers Companies during the 2nd quarter valued at about $26,000. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on TRV shares. Barclays increased their target price on Travelers Companies from $295.00 to $318.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Mizuho upped their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Cantor Fitzgerald raised their price objective on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $354.26.

Insiders Place Their Bets

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The stock was 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 $26,638,758. The trade was a 9.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total value of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,667 shares of company stock valued at $19,611,829 in the last quarter. 1.39% of the stock is currently owned by corporate insiders.

Travelers Companies Trading Down 0.5%

NYSE TRV opened at $369.13 on Friday. The stock has a market capitalization of $76.99 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 3.53 and a beta of 0.45. The stock’s 50 day moving average price is $357.31 and its two-hundred day moving average price is $320.43. 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 Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results 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 company had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the business earned $6.51 EPS. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm 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 dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Travelers Companies 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.