Redwood Investment Management LLC Buys New Holdings in The Travelers Companies, Inc. $TRV

Redwood Investment Management LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,500 shares of the insurance provider’s stock, valued at approximately $1,155,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $724,000. Pure Financial Advisors LLC acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $1,042,000. Transamerica Financial Advisors LLC bought a new stake in Travelers Companies in the 2nd quarter valued at $424,000. Sanchez Levi Garrett acquired a new stake in Travelers Companies during the 2nd quarter valued at $388,000. Finally, Corient Private Wealth LP bought a new position in Travelers Companies during the second quarter worth $51,066,000. Institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other Travelers Companies news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares of the company’s stock, valued at $26,638,758. The trade was a 9.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. The trade was a 44.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 52,667 shares of company stock valued at $19,611,829 over the last ninety days. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

NYSE:TRV opened at $369.13 on Friday. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The firm’s 50-day simple moving average is $357.31 and its 200 day simple moving average is $320.43. The firm has a market cap of $76.99 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 3.53 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 analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the firm posted $6.51 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. 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%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Piper Sandler increased their price objective on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. UBS Group upped their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. 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 report on Thursday, July 9th. Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a research report on Tuesday, May 26th. Finally, Morgan Stanley boosted their price objective on Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a report on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies has a consensus rating of “Hold” and an average target price of $354.26.

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.