15,470 Shares in The Travelers Companies, Inc. $TRV Purchased by Principle Wealth Partners LLC

Principle Wealth Partners LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 15,470 shares of the insurance provider’s stock, valued at approximately $5,107,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Arbejdsmarkedets Tillaegspension acquired a new stake in Travelers Companies in the fourth quarter valued at $24,167,000. Rit Capital Partners PLC acquired a new position in shares of Travelers Companies during the 4th quarter worth $39,450,000. UBS Group AG grew its stake in shares of Travelers Companies by 5.3% during the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock worth $514,786,000 after purchasing an additional 89,159 shares during the period. Swiss Life Asset Management Ltd increased its holdings in shares of Travelers Companies by 41.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after purchasing an additional 19,347 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new position in shares of Travelers Companies in the 1st quarter valued at about $576,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Price Performance

Travelers Companies stock opened at $364.50 on Tuesday. The firm has a market capitalization of $76.03 billion, a PE ratio of 9.76, a P/E/G ratio of 3.52 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 firm’s 50-day simple moving average is $347.35 and its 200 day simple moving average is $316.08. The company has a quick ratio of 0.33, a current 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 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same period last year, the firm posted $6.51 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

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

Analyst Upgrades and Downgrades

TRV has been the topic of a number of research analyst reports. Citigroup reissued a “market perform” rating on shares of Travelers Companies in a report on Monday, July 20th. Truist Financial increased their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. Piper Sandler lifted their price target on shares of Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target on the stock. in a research note on Monday, July 20th. Finally, Wells Fargo & Company upped their price target on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $354.26.

Insider Activity

In other Travelers Companies news, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the sale, the executive vice president owned 9,213 shares in the company, valued at approximately $3,393,884.94. This represents a 63.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at $10,139,488.40. The trade was a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is owned by corporate insiders.

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.