Compass Wealth Management LLC Invests $353,000 in The Travelers Companies, Inc. $TRV

Compass Wealth Management LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,600 shares of the insurance provider’s stock, valued at approximately $353,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC raised its stake in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies in the 1st quarter worth $26,000. LifeSteps Financial Inc. purchased a new position in shares of Travelers Companies in the 2nd quarter worth $26,000. Kemnay Advisory Services Inc. bought a new stake in shares of Travelers Companies in the 4th quarter worth about $26,000. Finally, Osterweis Capital Management Inc. increased its holdings 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 buying an additional 91 shares during the last quarter. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays increased their price target on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. raised Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Piper Sandler upped their price objective on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research note on Tuesday, May 26th. Finally, Bank of America lifted their target price on 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 issued a Buy rating, thirteen have issued 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 target price of $354.26.

Insider Buying and Selling at Travelers Companies

In other news, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the transaction, the executive vice president owned 9,213 shares in the company, valued at approximately $3,393,884.94. The trade was a 63.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 62,667 shares of company stock worth $22,688,329. Insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 0.9%

NYSE TRV opened at $367.96 on Wednesday. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company’s 50-day moving average price is $348.71 and its 200-day moving average price is $316.68. The stock has a market cap of $76.74 billion, a PE ratio of 9.85, a PEG ratio of 3.52 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last released its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating 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 firm’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the previous year, the company earned $6.51 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. 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 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.