GHP Investment Advisors Inc. Grows Position in The Travelers Companies, Inc. (NYSE:TRV)

GHP Investment Advisors Inc. raised its stake in The Travelers Companies, Inc. (NYSE:TRV) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,611 shares of the insurance provider’s stock after purchasing an additional 563 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Travelers Companies were worth $10,291,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Y.D. More Investments Ltd acquired a new position in shares of Travelers Companies in the 2nd quarter valued at about $25,000. Pathway Financial Advisers LLC acquired a new position in shares of Travelers Companies during the 1st quarter valued at $35,000. Beacon Capital Management LLC increased its holdings in Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares in the last quarter. Private Wealth Management Group LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $39,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at approximately $42,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the sale, the executive vice president now directly owns 22,798 shares of the company’s stock, valued at $4,820,409.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TRV shares. Citigroup raised their price objective on Travelers Companies from $200.00 to $203.00 and gave the company a “sell” rating in a research note on Tuesday, July 30th. Piper Sandler dropped their price target on Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. William Blair reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. Morgan Stanley lowered their target price on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, July 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $225.00 price target on shares of Travelers Companies in a research report on Monday, July 22nd. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $227.05.

Travelers Companies Price Performance

TRV opened at $234.11 on Friday. The firm has a market capitalization of $53.36 billion, a P/E ratio of 17.39, a PEG ratio of 1.20 and a beta of 0.62. The stock has a fifty day moving average of $217.40 and a 200-day moving average of $216.76. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32. The Travelers Companies, Inc. has a 12-month low of $157.33 and a 12-month high of $242.89.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.23 by ($0.72). The business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. Equities analysts forecast that The Travelers Companies, Inc. will post 17.19 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be paid a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a yield of 1.79%. Travelers Companies’s dividend payout ratio (DPR) is currently 31.20%.

Travelers Companies Company Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.