Balboa Wealth Partners Takes Position in The Travelers Companies, Inc. $TRV

Balboa Wealth Partners bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,607 shares of the insurance provider’s stock, valued at approximately $430,000.

A number of other large investors have also recently made changes to their positions in TRV. Vanguard Group Inc. lifted its stake in Travelers Companies by 0.5% in the first quarter. Vanguard Group Inc. now owns 21,733,556 shares of the insurance provider’s stock worth $5,747,656,000 after acquiring an additional 115,808 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of Travelers Companies by 71,265.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock valued at $967,646,000 after purchasing an additional 3,611,758 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Travelers Companies by 0.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,403,539 shares of the insurance provider’s stock valued at $899,988,000 after purchasing an additional 25,573 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Travelers Companies by 25.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,934,625 shares of the insurance provider’s stock worth $511,631,000 after purchasing an additional 390,104 shares during the period. Finally, Bahl & Gaynor Inc. increased its holdings in Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock valued at $444,101,000 after buying an additional 490,039 shares during the period. 82.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TRV. UBS Group upped their target price on Travelers Companies from $284.00 to $287.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Weiss Ratings restated a “buy (b)” rating on shares of Travelers Companies in a research note on Tuesday, October 14th. Citigroup began coverage on Travelers Companies in a research note on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, Piper Sandler increased their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $291.31.

Travelers Companies Stock Performance

TRV stock opened at $265.02 on Tuesday. The firm has a market cap of $59.12 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.51 and a beta of 0.51. The firm has a 50-day simple moving average of $273.95 and a two-hundred day simple moving average of $266.49. The Travelers Companies, Inc. has a one year low of $230.23 and a one year high of $287.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Thursday, October 16th. The insurance provider reported $8.14 EPS for the quarter, beating the consensus estimate of $6.01 by $2.13. The firm had revenue of $11.47 billion during the quarter, compared to analyst estimates of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. Travelers Companies’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $5.24 EPS. On average, equities analysts forecast that The Travelers Companies, Inc. will post 17.02 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 10th will be given a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio (DPR) is presently 17.30%.

Insider Activity at Travelers Companies

In related news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.46% of the stock is owned by insiders.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.