Sanctuary Advisors LLC Invests $31.52 Million in The Travelers Companies, Inc. $TRV

Sanctuary Advisors LLC bought a new position in The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 142,967 shares of the insurance provider’s stock, valued at approximately $31,523,000. Sanctuary Advisors LLC owned approximately 0.07% of Travelers Companies as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Berman McAleer LLC lifted its position in Travelers Companies by 3.5% in the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider’s stock worth $295,000 after buying an additional 30 shares during the last quarter. Willner & Heller LLC raised its stake in shares of Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock worth $398,000 after acquiring an additional 32 shares in the last quarter. Spinnaker Trust boosted its stake in shares of Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock valued at $565,000 after purchasing an additional 33 shares in the last quarter. Cim LLC boosted its stake in shares of Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock valued at $2,363,000 after purchasing an additional 34 shares in the last quarter. Finally, Avalon Trust Co grew its holdings in shares of Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Travelers Companies Stock Up 0.1%

Shares of NYSE TRV opened at $363.83 on Monday. The firm has a fifty day simple moving average of $352.28 and a two-hundred day simple moving average of $318.35. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $75.89 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45.

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

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be issued 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 13.39%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Zacks Research raised shares of Travelers Companies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Travelers Companies in a research report on Tuesday, July 21st. Raymond James Financial set a $430.00 price target on Travelers Companies in a research note on Monday, July 20th. Piper Sandler increased their price objective on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Finally, Wells Fargo & Company raised their target price on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. Four research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $354.26.

Insider Activity

In other news, EVP Mojgan M. Lefebvre sold 16,313 shares of the stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.38, for a total value of $6,009,382.94. Following the completion of the transaction, the executive vice president owned 9,213 shares of the company’s stock, valued at approximately $3,393,884.94. This represents a 63.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $307.65, for a total value of $3,076,500.00. Following the completion of the transaction, the executive vice president owned 45,125 shares of the company’s stock, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 62,667 shares of company stock worth $22,688,329. Company insiders own 1.39% of the company’s stock.

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.