Sanctuary Advisors LLC Buys Shares of 142,967 The Travelers Companies, Inc. $TRV

Sanctuary Advisors LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, Holdings Channel reports. The firm bought 142,967 shares of the insurance provider’s stock, valued at approximately $31,523,000.

Other hedge funds have also recently made changes to their positions in the company. HHM Wealth Advisors LLC increased its position in Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after buying an additional 51 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies in the first quarter worth $26,000. LifeSteps Financial Inc. purchased a new stake in shares of Travelers Companies in the second quarter worth $26,000. Kilter Group LLC bought a new position in shares of Travelers Companies during the second quarter valued at $26,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies in the 4th quarter worth about $26,000. 82.45% of the stock is owned by institutional investors.

Travelers Companies Trading Up 0.1%

Shares of TRV stock opened at $363.83 on Monday. The Travelers Companies, Inc. has a 12-month low of $252.26 and a 12-month high of $398.70. 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 firm’s 50 day moving average is $352.28 and its 200 day moving average is $318.35. The stock has a market capitalization of $75.89 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last announced its 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 business 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%. The company’s quarterly revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business earned $6.51 EPS. Research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The company also recently disclosed 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. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is 13.39%.

Insider Buying and Selling

In other news, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total value of $6,009,382.94. Following the transaction, the executive vice president owned 9,213 shares in the company, valued at $3,393,884.94. This represents a 63.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the transaction, the executive vice president directly owned 68,834 shares in the company, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 62,667 shares of company stock valued at $22,688,329 in the last 90 days. Insiders own 1.39% of the company’s stock.

Wall Street Analyst Weigh In

TRV has been the topic of a number of analyst reports. Zacks Research upgraded shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Wells Fargo & Company upped their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Seaport Research Partners set a $322.00 price target on shares of Travelers Companies in a report on Tuesday, May 26th. HSBC boosted their price objective on shares of Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Finally, Piper Sandler upped their price objective on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $354.26.

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.