Northcape Wealth Management LLC Acquires Shares of 2,400 The Travelers Companies, Inc. $TRV

Northcape Wealth Management LLC bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,400 shares of the insurance provider’s stock, valued at approximately $792,000.

Other hedge funds have also modified their holdings of the company. Edmond DE Rothschild Holding S.A. purchased a new stake in Travelers Companies during the 2nd quarter valued at about $1,065,000. Strathmore Capital Advisors Inc. acquired a new stake in Travelers Companies in the 2nd quarter valued at about $260,000. United Bank purchased a new position in Travelers Companies in the 2nd quarter worth approximately $2,536,000. Uptick Partners LLC purchased a new position in Travelers Companies in the 2nd quarter worth approximately $481,000. Finally, CM Wealth Advisors LLC acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $242,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TRV has been the subject of a number of analyst reports. HSBC upped their price target on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Zacks Research raised Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Barclays upped their target price on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Finally, Truist Financial lifted their price target on Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Four equities research 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 company. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Trading Down 1.5%

TRV opened at $362.47 on Thursday. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $349.88 and a 200-day simple moving average of $317.23. The firm has a market cap of $75.60 billion, a P/E ratio of 9.71, a P/E/G ratio of 3.50 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted 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. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm had revenue of $12.15 billion for the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the business earned $6.51 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. On average, equities analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio is 13.39%.

Insider Activity at Travelers Companies

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the sale, the executive vice president owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the firm’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 transaction of $1,858,450.00. Following the completion of the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is owned by company insiders.

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.