8,703 Shares in The Travelers Companies, Inc. $TRV Bought by one8zero8 LLC

one8zero8 LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,703 shares of the insurance provider’s stock, valued at approximately $1,919,000.

Other hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 51 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Travelers Companies in the 1st quarter valued at about $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies during the 2nd quarter worth approximately $26,000. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies during the 4th quarter worth approximately $26,000. Finally, Osterweis Capital Management Inc. increased its position in Travelers Companies by 1,820.0% during the second 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 period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction 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 transaction, the executive vice president directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,667 shares of company stock worth $22,688,329 in the last ninety days. Insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TRV shares. BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Truist Financial lifted their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a research report on Wednesday, August 5th. Roth Capital increased their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group downgraded shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective on the stock. in a research report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Down 1.5%

Travelers Companies stock opened at $362.47 on Thursday. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The stock has a 50 day moving average of $349.88 and a two-hundred day moving average of $317.23. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $75.60 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 3.50 and a beta of 0.45.

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. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. During the same quarter in the previous year, the company posted $6.51 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, research analysts expect 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 given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) 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.