Compass Wealth Management LLC Invests $353,000 in The Travelers Companies, Inc. $TRV

Compass Wealth Management LLC purchased a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,600 shares of the insurance provider’s stock, valued at approximately $353,000.

Several other institutional investors also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new stake in Travelers Companies during the 2nd quarter valued at about $1,609,000. Danica Pension Livsforsikringsaktieselskab bought a new position in shares of Travelers Companies in the second quarter worth approximately $15,050,000. Danske Bank A S bought a new position in shares of Travelers Companies in the second quarter worth approximately $607,000. Diversify Advisory Services LLC purchased a new stake in shares of Travelers Companies during the second quarter valued at approximately $2,826,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $57,000. 82.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, EVP Michael Frederick Klein sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the sale, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. The trade was a 18.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the transaction, the executive vice president directly owned 9,213 shares of the company’s stock, valued at $3,393,884.94. This trade represents a 63.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent analyst reports. Roth Capital boosted their price objective on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Barclays increased 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. Piper Sandler boosted their price target on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Travelers Companies in a report on Wednesday, August 5th. Finally, The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective on the stock. in a research report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $354.26.

Travelers Companies Price Performance

NYSE TRV opened at $367.96 on Wednesday. The company has a 50-day moving average price of $348.71 and a 200-day moving average price of $316.68. The Travelers Companies, Inc. has a 52 week low of $252.26 and a 52 week high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $76.74 billion, a P/E ratio of 9.85, a PEG ratio of 3.52 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 EPS for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the prior year, the company earned $6.51 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Equities research analysts anticipate that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

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