SHP Wealth Management Takes Position in The Travelers Companies, Inc. $TRV

SHP Wealth Management purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,037 shares of the insurance provider’s stock, valued at approximately $591,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies in the fourth quarter valued at $26,000. Osterweis Capital Management Inc. grew its stake in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $28,000. Entrust Financial LLC purchased a new position in shares of Travelers Companies in the 4th quarter valued at about $31,000. Finally, Navalign LLC acquired a new stake in shares of Travelers Companies in the fourth quarter valued at about $35,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In other news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the sale, the executive vice president directly owned 6,075 shares in the company, valued at $1,853,239.50. The trade was a 51.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 37,573 shares of company stock valued at $11,504,146. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Stock Down 0.1%

Shares of NYSE:TRV opened at $307.48 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.29. The Travelers Companies, Inc. has a 52-week low of $249.19 and a 52-week high of $313.12. The stock’s fifty day simple moving average is $301.35 and its 200-day simple moving average is $294.99. The company has a market capitalization of $65.38 billion, a P/E ratio of 9.15, a P/E/G ratio of 2.78 and a beta of 0.48.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping analysts’ consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The firm had revenue of $11.92 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter last year, the business posted $1.91 EPS. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.6%. This is an increase from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio is 14.88%.

Analysts Set New Price Targets

TRV has been the topic of a number of research analyst reports. Brean Capital began coverage on shares of Travelers Companies in a report on Thursday, March 12th. They set a “neutral” rating on the stock. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a research report on Tuesday, May 26th. Piper Sandler boosted their price target on Travelers Companies from $329.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $316.00 to $322.00 in a report on Tuesday, May 26th. Finally, Bank of America lowered their price target on Travelers Companies from $259.00 to $257.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $309.07.

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.