Sone Capital Management LLC Takes Position in The Travelers Companies, Inc. $TRV

Sone Capital Management LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 84,379 shares of the insurance provider’s stock, valued at approximately $18,605,000. Travelers Companies comprises 1.4% of Sone Capital Management LLC’s portfolio, making the stock its 25th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. HHM Wealth Advisors LLC grew its stake in Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 51 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Travelers Companies during the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new stake in shares of Travelers Companies during the 2nd quarter worth approximately $26,000. Kilter Group LLC acquired a new stake in shares of Travelers Companies in the 2nd quarter valued at approximately $26,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in shares of Travelers Companies in the 4th quarter valued at approximately $26,000. Institutional investors own 82.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Diane Kurtzman sold 4,164 shares of Travelers Companies stock in a transaction on Friday, July 24th. The stock was sold at an average price of $386.71, for a total transaction of $1,610,260.44. Following the completion of the sale, the executive vice president owned 5,298 shares of the company’s stock, valued at approximately $2,048,789.58. This trade represents a 44.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Donnay Rowland sold 5,000 shares of the firm’s 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 directly owned 10,479 shares in the company, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 52,667 shares of company stock worth $19,611,829 over the last three months. 1.39% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TRV. BMO Capital Markets downgraded shares of Travelers Companies from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $314.00 to $379.00 in a report on Tuesday, July 21st. Mizuho lifted their price objective on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. UBS Group upped their target price on shares of Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Evercore set a $329.00 target price on shares of Travelers Companies and gave the company an “in-line” rating in a research note on Friday, July 10th. Finally, The Goldman Sachs Group cut Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target for the company. in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $354.26.

Travelers Companies Stock Up 1.9%

Travelers Companies stock opened at $370.65 on Tuesday. The stock has a market cap of $77.31 billion, a P/E ratio of 9.93, a P/E/G ratio of 3.46 and a beta of 0.45. 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 company’s 50-day moving average price is $353.55 and its two-hundred day moving average price is $318.93.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (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 during the quarter, compared to analysts’ expectations of $11.26 billion. During the same quarter in the previous year, the company posted $6.51 earnings per share. The business’s revenue was up .3% on a year-over-year basis. As a group, analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies’s payout ratio is 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.