SteelPeak Wealth LLC Purchases 21,688 Shares of The Travelers Companies, Inc. (NYSE:TRV)

SteelPeak Wealth LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 536.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,728 shares of the insurance provider’s stock after purchasing an additional 21,688 shares during the quarter. SteelPeak Wealth LLC’s holdings in Travelers Companies were worth $5,921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TRV. Ironwood Financial llc purchased a new position in Travelers Companies during the 1st quarter valued at $216,000. Founders Financial Securities LLC increased its position in shares of Travelers Companies by 5.0% during the first quarter. Founders Financial Securities LLC now owns 8,817 shares of the insurance provider’s stock valued at $2,029,000 after buying an additional 417 shares during the period. Vicus Capital bought a new position in Travelers Companies in the first quarter worth about $453,000. Hennion & Walsh Asset Management Inc. boosted its position in Travelers Companies by 1.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 14,966 shares of the insurance provider’s stock valued at $3,444,000 after acquiring an additional 213 shares in the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of Travelers Companies by 53.8% during the 1st quarter. MCF Advisors LLC now owns 203 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 71 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Transactions at Travelers Companies

In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now owns 6,075 shares in the company, valued at $1,298,106. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Jeffrey P. Klenk sold 3,635 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $213.68, for a total transaction of $776,726.80. Following the completion of the sale, the executive vice president now directly owns 6,075 shares in the company, valued at $1,298,106. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Frederick Klein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at $4,877,860.08. The disclosure for this sale can be found here. Insiders have sold a total of 18,635 shares of company stock worth $3,980,827 in the last ninety days. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Performance

NYSE TRV traded down $3.61 during trading hours on Friday, hitting $203.34. The company’s stock had a trading volume of 2,390,759 shares, compared to its average volume of 1,290,044. The Travelers Companies, Inc. has a 12 month low of $157.33 and a 12 month high of $232.75. The company’s 50 day simple moving average is $212.47 and its two-hundred day simple moving average is $211.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.34 and a quick ratio of 0.34. The company has a market cap of $46.56 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.08 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.62 billion. Travelers Companies had a net margin of 7.32% and a return on equity of 13.94%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.11 EPS. As a group, sell-side analysts expect that The Travelers Companies, Inc. will post 17.59 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 10th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 2.07%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, June 10th. Travelers Companies’s dividend payout ratio is presently 31.20%.

Analyst Upgrades and Downgrades

TRV has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $225.00 target price on shares of Travelers Companies in a research note on Monday, June 24th. Keefe, Bruyette & Woods reduced their target price on shares of Travelers Companies from $241.00 to $231.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. The Goldman Sachs Group lifted their price target on shares of Travelers Companies from $186.00 to $212.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Evercore ISI cut their price objective on shares of Travelers Companies from $253.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, April 18th. Finally, Citigroup reiterated a “sell” rating and set a $200.00 target price (down from $226.00) on shares of Travelers Companies in a report on Friday. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $221.12.

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.