SGL Investment Advisors Inc. Makes New $5.52 Million Investment in The Travelers Companies, Inc. $TRV

SGL Investment Advisors Inc. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 14,689 shares of the insurance provider’s stock, valued at approximately $5,517,000. Travelers Companies accounts for approximately 1.9% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors have also recently made changes to their positions in the company. LifeSteps Financial Inc. bought a new stake in Travelers Companies during the second quarter valued at approximately $26,000. HHM Wealth Advisors LLC boosted its stake in shares of Travelers Companies by 145.7% during the 1st 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 last quarter. Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies during the 4th quarter worth $26,000. Whipplewood Advisors LLC bought a new stake in shares of Travelers Companies during the 1st quarter valued at $26,000. Finally, Osterweis Capital Management Inc. grew its position 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 valued at $26,000 after acquiring an additional 91 shares during the period. Institutional investors own 82.45% of the company’s stock.

Analyst Ratings Changes

TRV has been the topic of several analyst reports. TD Cowen downgraded Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 target price on the stock. in a research report on Monday, July 13th. UBS Group lifted their price objective on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $316.00 to $322.00 in a research note on Tuesday, May 26th. Roth Capital increased their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, Citigroup restated a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Four research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies presently has a consensus rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Performance

NYSE TRV opened at $364.79 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The business has a 50-day moving average price of $351.09 and a 200-day moving average price of $317.80. The firm has a market cap of $76.09 billion, a price-to-earnings ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted its quarterly 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. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion for the quarter, compared to analysts’ expectations of $11.26 billion. During the same period in the previous year, the firm earned $6.51 EPS. The firm’s revenue was up .3% compared to the same quarter last year. As a group, equities research analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio is currently 13.39%.

Insider Activity

In related news, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the completion of the transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of Travelers Companies stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the completion of the sale, the executive vice president owned 68,834 shares in the company, valued at approximately $26,638,758. This represents a 9.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 62,667 shares of company stock valued at $22,688,329 in the last quarter. Company insiders own 1.39% of the company’s stock.

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.