6,795 Shares in The Travelers Companies, Inc. $TRV Bought by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, Holdings Channel reports. The firm bought 6,795 shares of the insurance provider’s stock, valued at approximately $1,498,000.

Several other hedge funds have also bought and sold shares of the stock. HHM Wealth Advisors LLC raised its stake in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares during the period. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at about $26,000. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $26,000. Kilter Group LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at approximately $26,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in Travelers Companies in the 4th quarter worth approximately $26,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total transaction of $3,076,500.00. Following the completion of the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. This represents a 18.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the transaction, the executive vice president 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 SEC filing for this sale provides additional information. Insiders sold 62,667 shares of company stock valued at $22,688,329 in the last 90 days. 1.39% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on TRV. Morgan Stanley raised their target price on shares of Travelers Companies from $290.00 to $330.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research report on Tuesday, May 26th. Mizuho upped their price objective on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Evercore set a $329.00 target price on Travelers Companies and gave the stock an “in-line” rating in a research report on Friday, July 10th. Finally, Barclays lifted their target price on Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $363.83 on Friday. The company has a market cap of $75.88 billion, a P/E ratio of 9.74, a P/E/G ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. 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 firm’s fifty day moving average is $352.28 and its two-hundred day moving average is $318.12.

Travelers Companies (NYSE:TRV) last released 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 business 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 quarter in the prior year, the firm earned $6.51 EPS. As a group, analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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 $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s payout ratio is currently 13.39%.

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.