Sanctuary Advisors LLC Acquires New Position in The Travelers Companies, Inc. (NYSE:TRV)

Sanctuary Advisors LLC purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,902 shares of the insurance provider's stock, valued at approximately $9,798,000.

Several other hedge funds have also bought and sold shares of the stock. Y.D. More Investments Ltd acquired a new stake in shares of Travelers Companies in the second quarter valued at approximately $25,000. Pathway Financial Advisers LLC purchased a new position in shares of Travelers Companies in the 1st quarter valued at approximately $35,000. Beacon Capital Management LLC increased its position in Travelers Companies by 74.2% during the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider's stock worth $36,000 after purchasing an additional 66 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Travelers Companies during the 1st quarter valued at approximately $42,000. Finally, Tributary Capital Management LLC purchased a new stake in Travelers Companies in the 1st quarter valued at approximately $45,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In other news, EVP Michael Frederick Klein sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $211.44, for a total value of $2,114,400.00. Following the transaction, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Shares of TRV stock traded up $2.88 during mid-day trading on Friday, hitting $236.18. The company had a trading volume of 650,285 shares, compared to its average volume of 1,319,856. The stock's 50 day moving average price is $226.20 and its 200-day moving average price is $218.64. The Travelers Companies, Inc. has a 52-week low of $157.33 and a 52-week high of $243.48. The company has a market capitalization of $53.83 billion, a P/E ratio of 17.55, a P/E/G ratio of 1.23 and a beta of 0.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing the consensus estimate of $3.23 by ($0.72). Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. The business had revenue of $11.28 billion during the quarter, compared to analysts' expectations of $11.35 billion. During the same period in the previous year, the company posted $0.06 EPS. Travelers Companies's revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.18 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.78%. The ex-dividend date of this dividend was Tuesday, September 10th. Travelers Companies's payout ratio is 31.20%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Piper Sandler lowered their price target on Travelers Companies from $213.00 to $207.00 and set a "neutral" rating for the company in a report on Monday, July 22nd. Bank of America lifted their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the stock an "underperform" rating in a research report on Monday, July 22nd. Morgan Stanley reduced their price objective on shares of Travelers Companies from $220.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday, July 19th. Barclays assumed coverage on Travelers Companies in a report on Wednesday, September 4th. They set an "overweight" rating and a $286.00 price target on the stock. Finally, TD Cowen lowered Travelers Companies from a "buy" rating to a "hold" rating and cut their price objective for the stock from $252.00 to $230.00 in a report on Monday, July 15th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Travelers Companies presently has an average rating of "Hold" and a consensus price target of $227.05.

Travelers Companies Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.