1,978 Shares in The Travelers Companies, Inc. $TRV Acquired by Keebeck Wealth Management

Keebeck Wealth Management bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, HoldingsChannel.com reports. The firm bought 1,978 shares of the insurance provider’s stock, valued at approximately $653,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Arbejdsmarkedets Tillaegspension purchased a new position in Travelers Companies in the fourth quarter valued at about $24,167,000. Rit Capital Partners PLC bought a new position in Travelers Companies in the fourth quarter worth about $39,450,000. UBS Group AG lifted its position in shares of Travelers Companies by 5.3% during the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after buying an additional 89,159 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Travelers Companies by 41.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after buying an additional 19,347 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of Travelers Companies in the 1st quarter valued at about $576,000. Institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV opened at $363.83 on Friday. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The company has a market cap of $75.88 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The firm’s 50-day moving average price is $352.28 and its 200-day moving average price is $318.12.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate 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%. Travelers Companies’s revenue was up .3% on a year-over-year basis. During the same period last year, the firm posted $6.51 EPS. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 currently 13.39%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TRV shares. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a research report on Monday, July 20th. Mizuho raised their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Bank of America lifted their price target on shares of Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. BMO Capital Markets downgraded Travelers Companies from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $314.00 to $379.00 in a research report on Tuesday, July 21st. Finally, Evercore set a $329.00 price objective on Travelers Companies and gave the company an “in-line” rating in a report on Friday, July 10th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $354.26.

Insiders Place Their Bets

In related news, EVP David Donnay Rowland sold 5,000 shares of the company’s stock in a transaction on Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at $3,894,939.51. This represents a 32.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at $13,882,706.25. This trade represents a 18.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 62,667 shares of company stock valued at $22,688,329. Corporate insiders own 1.39% of the company’s stock.

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.