R.H. Investment Group LLC Buys Shares of 20,186 The Travelers Companies, Inc. $TRV

R.H. Investment Group LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,186 shares of the insurance provider’s stock, valued at approximately $6,664,000. Travelers Companies accounts for about 5.0% of R.H. Investment Group LLC’s investment portfolio, making the stock its 4th largest holding.

Several other hedge funds have also made changes to their positions in the business. LifeSteps Financial Inc. acquired a new position in shares of Travelers Companies in the second quarter valued at approximately $26,000. HHM Wealth Advisors LLC lifted its holdings in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Travelers Companies in the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new position in Travelers Companies in the 1st quarter valued at approximately $26,000. Finally, Osterweis Capital Management Inc. grew its stake in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after acquiring an additional 91 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

Shares of TRV stock opened at $370.49 on Monday. The company has a market cap of $77.27 billion, a P/E ratio of 9.92, a PEG ratio of 3.52 and a beta of 0.45. The firm has a fifty day moving average price of $345.99 and a 200 day moving average price of $315.49. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.Travelers Companies’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $6.51 earnings per share. Sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Analyst Upgrades and Downgrades

TRV has been the topic of several analyst reports. Piper Sandler increased their price objective on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Wells Fargo & Company increased their price target on Travelers Companies from $295.00 to $334.00 and gave the company an “equal weight” rating in a research report on Thursday, July 9th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research note on Tuesday, May 26th. Finally, HSBC boosted their price objective on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Travelers Companies has a consensus rating of “Hold” and a consensus price target of $354.26.

Insider Activity

In related news, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the completion of the sale, the executive vice president owned 10,479 shares in the company, valued at $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the company’s 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 transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,667 shares of company stock valued at $22,688,329 over the last 90 days. Insiders own 1.39% of the company’s stock.

Travelers Companies Company 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.