G2 Capital Management LLC OH Makes New Investment in The Travelers Companies, Inc. $TRV

G2 Capital Management LLC OH acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,534 shares of the insurance provider’s stock, valued at approximately $506,000. Travelers Companies comprises 0.1% of G2 Capital Management LLC OH’s holdings, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the stock. HHM Wealth Advisors LLC grew its holdings in Travelers Companies by 145.7% during the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 51 shares during the period. Whipplewood Advisors LLC acquired a new position in Travelers Companies in the first quarter valued at approximately $26,000. LifeSteps Financial Inc. acquired a new position in Travelers Companies in the second quarter valued at approximately $26,000. Kilter Group LLC purchased a new stake in Travelers Companies in the 2nd quarter worth 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 and hedge funds own 82.45% of the company’s stock.

Travelers Companies Stock Performance

TRV opened at $363.83 on Friday. The firm’s fifty day simple moving average is $352.28 and its two-hundred day simple moving average is $318.12. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a market cap of $75.88 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 3.46 and a beta of 0.45. 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 released its earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analysts’ expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $6.51 earnings per share. 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 company 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 payout ratio is 13.39%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial lifted 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. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Morgan Stanley raised their price target on shares of Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective for the company. in a report on Monday, July 20th. Finally, Raymond James Financial set a $430.00 price objective 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 assigned a Buy rating, thirteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and an average price target of $354.26.

Insider Buying and Selling at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the transaction, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the sale, the executive vice president directly owned 9,213 shares in the company, valued at $3,393,884.94. This represents a 63.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 62,667 shares of company stock valued at $22,688,329. 1.39% of the stock is owned by 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.