Pallas Capital Advisors LLC Purchases New Stake in The Travelers Companies, Inc. $TRV

Pallas Capital Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 6,266 shares of the insurance provider’s stock, valued at approximately $2,069,000.

Other large investors have also recently made changes to their positions in the company. Berman McAleer LLC increased its position in shares of 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 acquiring an additional 30 shares in the last quarter. Willner & Heller LLC lifted its position in Travelers Companies by 2.7% in the 2nd quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after acquiring an additional 32 shares in the last quarter. Spinnaker Trust lifted its position in Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after acquiring an additional 33 shares in the last quarter. Cim LLC boosted its stake in Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after purchasing an additional 34 shares during the last quarter. Finally, Avalon Trust Co boosted its stake in Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after purchasing an additional 35 shares during the last quarter. 82.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. UBS Group increased their price objective on Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Roth Capital upped their price target on Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Truist Financial increased their price target on Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, July 20th. TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price objective on the stock. in a research note on Monday, July 13th. Finally, Seaport Research Partners set a $322.00 price objective on shares of Travelers Companies in a report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Travelers Companies presently has an average rating of “Hold” and a consensus price target of $354.26.

Insiders Place Their Bets

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the sale, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Diane Kurtzman sold 4,164 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the transaction, the executive vice president owned 5,298 shares of the company’s stock, valued at $2,048,789.58. This represents a 44.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 62,667 shares of company stock worth $22,688,329 in the last ninety days. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Stock Performance

Shares of TRV stock opened at $364.50 on Tuesday. The firm has a market cap of $76.03 billion, a price-to-earnings ratio of 9.76, a P/E/G ratio of 3.52 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The firm’s 50-day simple moving average is $347.35 and its two-hundred day simple moving average is $316.08.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The business had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. During the same period in the prior year, the company earned $6.51 earnings per share. Travelers Companies’s revenue was up .3% compared to the same quarter last year. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

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 issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

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.