MSH Capital Advisors LLC Makes New Investment in The Travelers Companies, Inc. $TRV

MSH Capital Advisors LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, HoldingsChannel.com reports. The firm bought 7,744 shares of the insurance provider’s stock, valued at approximately $1,707,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Travelers Companies by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider’s stock worth $6,413,207,000 after buying an additional 110,311 shares during the last quarter. BlackRock Inc. bought a new position in Travelers Companies in the second quarter valued at about $6,915,909,000. State Street Corp grew its position in Travelers Companies by 3.1% in the fourth quarter. State Street Corp now owns 16,000,457 shares of the insurance provider’s stock valued at $4,641,093,000 after acquiring an additional 486,861 shares during the last quarter. Morgan Stanley raised its stake in Travelers Companies by 2.3% during the fourth quarter. Morgan Stanley now owns 3,793,750 shares of the insurance provider’s stock worth $1,100,416,000 after acquiring an additional 85,298 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Travelers Companies by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider’s stock worth $1,016,433,000 after acquiring an additional 123,564 shares in the last quarter. Institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TRV. TD Cowen downgraded shares of Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a research note on Monday, July 13th. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. BMO Capital Markets downgraded shares of 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 research note on Tuesday, July 21st. Piper Sandler raised their target price on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, 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 note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $354.26.

Travelers Companies Stock Performance

Shares of TRV stock opened at $364.79 on Friday. The firm has a market capitalization of $76.09 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 3.44 and a beta of 0.45. 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 business’s 50-day moving average price is $351.09 and its 200-day moving average price is $317.80. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70.

Travelers Companies (NYSE:TRV) last released 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 the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The firm’s revenue was up .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.51 earnings per share. Equities research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS 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 given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 13.39%.

Insider Activity

In related 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 sale, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the sale, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is currently owned by company insiders.

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.