Keebeck Wealth Management Purchases New Holdings in The Travelers Companies, Inc. $TRV

Keebeck Wealth Management acquired a new position in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,978 shares of the insurance provider’s stock, valued at approximately $653,000.

Other institutional investors have also added to or reduced their stakes in the company. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies during the second quarter valued at approximately $26,000. Kilter Group LLC bought a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $26,000. HHM Wealth Advisors LLC lifted 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 Travelers Companies during the 4th quarter valued at $26,000. Finally, Whipplewood Advisors LLC purchased a new position in Travelers Companies during the 1st quarter valued at $26,000. Institutional investors own 82.45% of the company’s stock.

Insider Activity

In other Travelers Companies news, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This represents a 33.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Donnay Rowland sold 5,000 shares of the stock in a transaction dated Wednesday, July 22nd. The stock was sold at an average price of $371.69, for a total transaction of $1,858,450.00. Following the transaction, the executive vice president owned 10,479 shares in the company, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 62,667 shares of company stock valued at $22,688,329. Company insiders own 1.39% of the company’s stock.

Analysts Set New Price Targets

TRV has been the topic of several research analyst reports. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a research report on Tuesday, May 26th. Cantor Fitzgerald lifted their target price on Travelers Companies from $335.00 to $360.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. BMO Capital Markets lowered shares of Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $314.00 to $379.00 in a research note on Tuesday, July 21st. The Goldman Sachs Group cut shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target on the stock. in a report on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Travelers Companies in a research note on Tuesday, July 21st. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $354.26.

Travelers Companies Stock Down 0.2%

Shares of NYSE:TRV opened at $363.83 on Friday. The business’s 50 day moving average is $352.28 and its 200 day moving average is $318.12. The stock has a market cap of $75.88 billion, a P/E ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a 52-week low of $252.26 and a 52-week high of $398.70. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

Travelers Companies (NYSE:TRV) last issued its earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.During the same period in the previous year, the company posted $6.51 EPS. Travelers Companies’s revenue was up .3% on a year-over-year basis. Sell-side analysts predict that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be paid a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Travelers Companies Company 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.