Sage Mountain Advisors LLC Invests $283,000 in The Travelers Companies, Inc. $TRV

Sage Mountain Advisors LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, HoldingsChannel.com reports. The fund purchased 1,059 shares of the insurance provider’s stock, valued at approximately $283,000.

A number of other large investors have also made changes to their positions in TRV. Valeo Financial Advisors LLC increased its position in shares of Travelers Companies by 71,265.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,616,826 shares of the insurance provider’s stock worth $967,646,000 after purchasing an additional 3,611,758 shares in the last quarter. Nuveen LLC acquired a new position in shares of Travelers Companies during the first quarter worth $294,755,000. Bahl & Gaynor Inc. increased its position in shares of Travelers Companies by 41.2% during the first quarter. Bahl & Gaynor Inc. now owns 1,679,275 shares of the insurance provider’s stock worth $444,101,000 after purchasing an additional 490,039 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Travelers Companies by 25.3% during the first 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 in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its position in shares of Travelers Companies by 86.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 738,901 shares of the insurance provider’s stock worth $197,686,000 after purchasing an additional 342,666 shares in the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.

Travelers Companies Price Performance

NYSE:TRV opened at $269.98 on Monday. 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. The firm has a market cap of $60.22 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 2.44 and a beta of 0.51. The firm’s fifty day moving average is $274.13 and its two-hundred day moving average is $267.34.

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

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, December 10th. Travelers Companies’s dividend payout ratio is presently 17.30%.

Insider Activity

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total transaction of $4,668,222.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.46% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on TRV. Morgan Stanley upped their target price on Travelers Companies from $269.00 to $285.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 7th. Citigroup began coverage on Travelers Companies in a research report on Wednesday, August 13th. They issued a “neutral” rating and a $291.00 target price on the stock. Piper Sandler upped their target price on Travelers Companies from $320.00 to $322.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Evercore ISI reissued an “outperform” rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, Keefe, Bruyette & Woods upped their target price on Travelers Companies from $304.00 to $305.00 and gave the company an “outperform” rating in a research report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Travelers Companies has an average rating of “Hold” and a consensus target price of $291.31.

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.