Hudson Portfolio Management LLC Makes New $531,000 Investment in The Travelers Companies, Inc. $TRV

Hudson Portfolio Management LLC purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,607 shares of the insurance provider’s stock, valued at approximately $531,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Berman McAleer LLC increased its position in Travelers Companies by 3.5% during the second quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after buying an additional 30 shares during the last quarter. Willner & Heller LLC raised its holdings in Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after buying an additional 32 shares in the last quarter. Spinnaker Trust lifted its position in shares of Travelers Companies by 1.7% in the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after buying an additional 33 shares during the last quarter. Cim LLC lifted its position in shares of Travelers Companies by 0.4% in the fourth quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after buying an additional 34 shares during the last quarter. Finally, Avalon Trust Co boosted its stake in shares of Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock worth $2,562,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In other news, CFO Daniel S. Frey sold 14,037 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

NYSE:TRV opened at $363.83 on Friday. The stock has a market cap of $75.88 billion, a P/E ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company has a fifty day moving average price of $352.28 and a 200 day moving average price of $318.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV) last issued 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 firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate 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 was up .3% on a year-over-year basis. During the same period in the prior year, the firm earned $6.51 EPS. Analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on TRV. Truist Financial increased their price objective on Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. Roth Capital boosted their target price on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings raised Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday. HSBC increased their price target on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. Finally, Mizuho lifted their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $354.26.

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.