SHP Wealth Management Makes New $591,000 Investment in The Travelers Companies, Inc. $TRV

SHP Wealth Management purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,037 shares of the insurance provider’s stock, valued at approximately $591,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies during the 4th quarter worth about $26,000. Osterweis Capital Management Inc. increased its holdings in shares of Travelers Companies by 1,820.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after buying an additional 91 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Travelers Companies in the 4th quarter worth $28,000. Entrust Financial LLC purchased a new position in Travelers Companies in the fourth quarter valued at approximately $31,000. Finally, Navalign LLC purchased a new position in Travelers Companies in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 82.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. BMO Capital Markets boosted their price objective on shares of Travelers Companies from $297.00 to $314.00 and gave the stock an “outperform” rating in a research note on Monday, April 20th. Weiss Ratings reissued a “buy (a-)” rating on shares of Travelers Companies in a research note on Friday, May 8th. Roth Mkm restated a “buy” rating on shares of Travelers Companies in a report on Monday, April 20th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods increased their price target on Travelers Companies from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Travelers Companies presently has an average rating of “Hold” and an average target price of $309.07.

Travelers Companies Stock Down 0.1%

Shares of Travelers Companies stock opened at $307.48 on Friday. The Travelers Companies, Inc. has a 1-year low of $249.19 and a 1-year high of $313.12. The company has a market capitalization of $65.38 billion, a PE ratio of 9.15, a P/E/G ratio of 2.78 and a beta of 0.48. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The business has a 50-day moving average of $301.35 and a 200-day moving average of $294.99.

Travelers Companies (NYSE:TRV) last released its quarterly earnings results on Thursday, April 16th. The insurance provider reported $7.71 EPS for the quarter, topping the consensus estimate of $6.80 by $0.91. The business had revenue of $11.92 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.91 earnings per share. As a group, equities analysts forecast that The Travelers Companies, Inc. will post 28 EPS for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. The ex-dividend date is Wednesday, June 10th. This represents a $5.00 annualized dividend and a yield of 1.6%. This is a boost from Travelers Companies’s previous quarterly dividend of $1.10. Travelers Companies’s dividend payout ratio (DPR) is presently 14.88%.

Insider Buying and Selling

In other news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total transaction of $483,666.48. Following the completion of the transaction, the insider directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jeffrey P. Klenk sold 6,414 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $305.06, for a total value of $1,956,654.84. Following the transaction, the executive vice president owned 6,075 shares of the company’s stock, valued at approximately $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,573 shares of company stock worth $11,504,146 over the last 90 days. 1.39% of the stock is currently owned by corporate insiders.

About Travelers Companies

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.