Roberts Glore & Co. Inc. IL Invests $638,000 in The Travelers Companies, Inc. $TRV

Roberts Glore & Co. Inc. IL bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,894 shares of the insurance provider’s stock, valued at approximately $638,000.

Other large investors also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Travelers Companies in the 2nd quarter worth approximately $4,447,000. Arbejdsmarkedets Tillaegspension bought a new position in Travelers Companies during the 4th quarter valued at approximately $24,167,000. Biondo Investment Advisors LLC purchased a new position in Travelers Companies during the second quarter valued at $13,649,000. Evolve Private Wealth LLC bought a new stake in Travelers Companies in the second quarter worth $987,000. Finally, Rit Capital Partners PLC purchased a new stake in shares of Travelers Companies in the fourth quarter worth $39,450,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TRV shares. Barclays raised their price target on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a report on Tuesday, July 21st. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Truist Financial lifted their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Evercore set a $329.00 price target on shares of Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Finally, UBS Group boosted their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus price target of $354.26.

Insider Activity at Travelers Companies

In related news, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This represents a 33.77% 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 Travelers Companies stock in a transaction 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 transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 52,667 shares of company stock valued at $19,611,829 in the last three months. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Price Performance

TRV opened at $369.40 on Wednesday. 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 stock has a market capitalization of $77.05 billion, a P/E ratio of 9.89, a P/E/G ratio of 3.52 and a beta of 0.45. The company’s 50-day simple moving average is $354.79 and its two-hundred day simple moving average is $319.45. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion during 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 business’s revenue for the quarter was up .3% on a year-over-year basis. During the same period in the previous year, the business posted $6.51 earnings per share. As a group, analysts predict 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. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Travelers Companies 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.