Kintra Wealth LLC Increases Position in The Travelers Companies, Inc. $TRV

Kintra Wealth LLC boosted its holdings in shares of The Travelers Companies, Inc. (NYSE:TRV) by 145.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,926 shares of the insurance provider’s stock after purchasing 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.

Several other institutional investors also recently bought and sold shares of TRV. BlackRock Inc. purchased a new stake in shares of Travelers Companies in the second quarter valued at approximately $6,915,909,000. Bank of America Corp DE purchased a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $932,142,000. Norges Bank purchased a new position in shares of Travelers Companies during the 4th quarter valued at approximately $723,339,000. GQG Partners LLC acquired a new stake in Travelers Companies in the 2nd quarter valued at $789,024,000. Finally, Legal & General Group Plc acquired a new stake in Travelers Companies in the 2nd quarter valued at $558,164,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Travelers Companies news, EVP Daniel Yin sold 7,153 shares of the company’s stock in a transaction on 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 directly owned 68,834 shares in the company, valued at $26,638,758. This represents a 9.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total value of $1,610,260.44. Following the completion of the sale, the executive vice president directly owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 58,667 shares of company stock valued at $21,830,989. Insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TRV shares. TD Cowen cut shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective for the company. in a research report on Monday, July 13th. Mizuho lifted their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the stock an “in-line” rating in a research note on Friday, July 10th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Finally, Morgan Stanley raised their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Stock Performance

NYSE:TRV opened at $369.01 on Monday. The company’s 50-day moving average price is $363.46 and its 200-day moving average price is $323.48. 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 company has a market cap of $76.96 billion, a P/E ratio of 9.88, a P/E/G ratio of 2.48 and a beta of 0.44. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70.

Travelers Companies (NYSE:TRV) last announced 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%. Travelers Companies’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.51 EPS. On average, sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be issued a dividend of $1.25 per share. 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 payout ratio is currently 13.39%.

About Travelers Companies

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.