Centaurus Financial Inc. Makes New Investment in The Travelers Companies, Inc. $TRV

Centaurus Financial Inc. purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,555 shares of the insurance provider’s stock, valued at approximately $513,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Brighton Jones LLC increased its holdings in shares of Travelers Companies by 13.4% during the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC bought a new stake in shares of Travelers Companies in the fourth quarter valued at about $276,000. WINTON GROUP Ltd bought a new stake in shares of Travelers Companies in the second quarter valued at about $382,000. CIBC Asset Management Inc grew its position in Travelers Companies by 13.9% during the second quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock worth $18,336,000 after buying an additional 8,383 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after buying an additional 2,117 shares in the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. BMO Capital Markets cut Travelers Companies from an “outperform” rating to a “market perform” rating and upped their price target for the company from $314.00 to $379.00 in a report on Tuesday, July 21st. Wells Fargo & Company boosted their price objective 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. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $316.00 to $322.00 in a research report on Tuesday, May 26th. Piper Sandler raised their target price on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. Four 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 has a consensus rating of “Hold” and an average price target of $354.26.

Travelers Companies Trading Up 0.1%

TRV stock opened at $369.85 on Friday. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The firm has a market cap of $77.14 billion, a P/E ratio of 9.90, a P/E/G ratio of 3.51 and a beta of 0.45. The business’s 50 day moving average is $358.56 and its 200-day moving average is $320.77. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

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

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Activity at Travelers Companies

In other Travelers Companies news, EVP David Donnay Rowland sold 5,000 shares of Travelers Companies stock in a transaction 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 transaction, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the business’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. This represents a 9.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 52,667 shares of company stock valued at $19,611,829. Insiders own 1.39% of the company’s stock.

About Travelers Companies

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.