The Travelers Companies, Inc. (NYSE:TRV) Shares Bought by Gateway Advisory LLC

Gateway Advisory LLC lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 25.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,303 shares of the insurance provider’s stock after purchasing an additional 268 shares during the quarter. Gateway Advisory LLC’s holdings in Travelers Companies were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in TRV. Y.D. More Investments Ltd acquired a new stake in Travelers Companies during the second quarter valued at $25,000. Pathway Financial Advisers LLC acquired a new stake in shares of Travelers Companies during the 1st quarter valued at about $35,000. Beacon Capital Management LLC increased its stake in shares of Travelers Companies by 74.2% in the 1st quarter. Beacon Capital Management LLC now owns 155 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 66 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Travelers Companies during the first quarter worth approximately $42,000. Finally, Tributary Capital Management LLC acquired a new stake in Travelers Companies in the first quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.33% of the stock is owned by company insiders.

Travelers Companies Price Performance

NYSE:TRV opened at $239.35 on Tuesday. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $243.48. The stock’s fifty day moving average is $221.94 and its two-hundred day moving average is $217.67. The company has a market capitalization of $54.81 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.26 and a beta of 0.62. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last announced its earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). Travelers Companies had a net margin of 8.37% and a return on equity of 15.90%. The firm 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 firm earned $0.06 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts expect that The Travelers Companies, Inc. will post 17.19 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a $1.05 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $4.20 annualized dividend and a yield of 1.75%. Travelers Companies’s dividend payout ratio is presently 31.20%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TRV. Citigroup upped their target price on Travelers Companies from $200.00 to $203.00 and gave the stock a “sell” rating in a research note on Tuesday, July 30th. Piper Sandler dropped their target price on shares of Travelers Companies from $213.00 to $207.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. Barclays began coverage on shares of Travelers Companies in a research report on Wednesday, September 4th. They set an “overweight” rating and a $286.00 price target for the company. Bank of America raised their price target on shares of Travelers Companies from $202.00 to $223.00 and gave the company an “underperform” rating in a research note on Monday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Travelers Companies from $221.00 to $234.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $227.05.

Travelers Companies Company 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.