Castlefield Investment Partners LLP Takes $3.58 Million Position in The Travelers Companies, Inc. $TRV

Castlefield Investment Partners LLP acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,250 shares of the insurance provider’s stock, valued at approximately $3,583,000. Travelers Companies makes up about 2.4% of Castlefield Investment Partners LLP’s holdings, making the stock its 22nd largest holding.

Other hedge funds also recently bought and sold shares of the company. HHM Wealth Advisors LLC grew its position in Travelers Companies by 145.7% during 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 during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies during the first quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $26,000. Kilter Group LLC bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $26,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies in the 4th quarter valued at $26,000. Institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, EVP Michael Frederick Klein sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $386.71, for a total value of $1,610,260.44. Following the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 62,667 shares of company stock worth $22,688,329. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $363.83 on Monday. The company has a market cap of $75.89 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The company has a 50-day moving average price of $352.28 and a 200-day moving average price of $318.35. 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 Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70.

Travelers Companies (NYSE:TRV) last posted its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $11.26 billion. During the same period last year, the firm earned $6.51 earnings per share. Travelers Companies’s quarterly revenue was up .3% on a year-over-year basis. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts recently commented on TRV shares. Roth Capital increased their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Wells Fargo & Company upped their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Bank of America lifted their price objective on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. Finally, The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 target price for the company. in a report on Monday, July 20th. Four investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $354.26.

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.