Beverly Hills Private Wealth LLC Makes New Investment in The Travelers Companies, Inc. $TRV

Beverly Hills Private Wealth LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,531 shares of the insurance provider’s stock, valued at approximately $505,000.

Several other hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC grew its holdings in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Travelers Companies during the first quarter worth $26,000. LifeSteps Financial Inc. purchased a new position in Travelers Companies in the second quarter worth $26,000. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies in the fourth quarter worth $26,000. Finally, Osterweis Capital Management Inc. grew its stake in Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 91 shares during the period. Institutional investors own 82.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TRV. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a research report on Wednesday, July 8th. Roth Capital boosted their price target on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Cantor Fitzgerald increased their price target on shares of Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Finally, Morgan Stanley lifted their price objective on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Four research 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $354.26.

Insider Buying and Selling

In other news, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the transaction, the executive vice president directly owned 5,298 shares of the company’s stock, valued at approximately $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 quarter, insiders have sold 62,667 shares of company stock valued at $22,688,329. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Stock Up 0.0%

Shares of NYSE TRV opened at $370.49 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $77.27 billion, a PE ratio of 9.92, a P/E/G ratio of 3.52 and a beta of 0.45. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The business’s fifty day moving average price is $345.99 and its 200-day moving average price is $315.49.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data 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. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same quarter last year, the firm posted $6.51 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. Travelers Companies’s dividend payout ratio (DPR) is presently 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.