Kirtland Hills Capital Management LLC Purchases New Stake in The Travelers Companies, Inc. $TRV

Kirtland Hills Capital Management LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 9,100 shares of the insurance provider’s stock, valued at approximately $2,006,000.

A number of other large investors have also recently bought and sold shares of TRV. BlackRock Inc. bought a new position in Travelers Companies in the 2nd quarter valued at about $6,915,909,000. Norges Bank bought a new stake in shares of Travelers Companies during the 4th quarter worth approximately $723,339,000. GQG Partners LLC bought a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $789,024,000. Bank of New York Mellon Corp acquired a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $469,505,000. Finally, Deutsche Bank AG acquired a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $301,772,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on TRV shares. Mizuho boosted their price objective 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. Morgan Stanley raised their target price on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research note on Thursday. Wells Fargo & Company boosted their price target on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Finally, Evercore set a $329.00 price objective on Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Price Performance

TRV stock opened at $363.83 on Friday. The stock has a market cap of $75.88 billion, a price-to-earnings ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. 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 company has a 50 day simple moving average of $352.28 and a 200 day simple moving average of $318.12. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the business posted $6.51 earnings per share. Research analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The company also recently declared 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 13.39%.

Insider Buying and Selling

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $13,882,706.25. The trade was a 18.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the company’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 owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 62,667 shares of company stock valued at $22,688,329 over the last three months. Insiders own 1.39% of the company’s stock.

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.