Succession Financial Inc. Takes $463,000 Position in The Travelers Companies, Inc. $TRV

Succession Financial Inc. purchased a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,402 shares of the insurance provider’s stock, valued at approximately $463,000. Travelers Companies makes up 0.4% of Succession Financial Inc.’s investment portfolio, making the stock its 23rd biggest holding.

Several other institutional investors have also recently modified their holdings of the company. Berman McAleer LLC increased its holdings 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 period. Willner & Heller LLC increased its position in shares of Travelers Companies by 2.7% in the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider’s stock valued at $398,000 after buying an additional 32 shares in the last quarter. Spinnaker Trust increased its holdings in Travelers Companies by 1.7% in the 1st quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider’s stock worth $565,000 after acquiring an additional 33 shares in the last quarter. Cim LLC raised its position in shares of Travelers Companies by 0.4% during the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider’s stock worth $2,363,000 after purchasing an additional 34 shares during the last quarter. Finally, Avalon Trust Co raised its holdings in shares of Travelers Companies by 0.4% during the first quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider’s stock valued at $2,562,000 after acquiring an additional 35 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other news, EVP Daniel Yin sold 7,153 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of the sale, the executive vice president directly owned 68,834 shares of the company’s stock, valued at approximately $26,638,758. The trade was a 9.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Olivo sold 6,000 shares of the stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $369.86, for a total value of $2,219,160.00. Following the completion of the sale, the executive vice president directly owned 118,742 shares of the company’s stock, valued at $43,917,916.12. The trade was a 4.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,667 shares of company stock valued at $21,830,989 over the last three months. 1.39% of the stock is owned by corporate insiders.

Travelers Companies Price Performance

Travelers Companies stock opened at $369.01 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 52-week low of $252.26 and a 52-week high of $398.70. The firm has a market cap of $76.97 billion, a PE ratio of 9.88, a price-to-earnings-growth ratio of 2.51 and a beta of 0.44. The company’s 50 day moving average is $363.46 and its two-hundred day moving average is $323.28.

Travelers Companies (NYSE:TRV) last posted its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, topping analysts’ consensus estimates of $5.41 by $4.63. The business had revenue of $12.15 billion for 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%.The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.51 earnings per share. On average, research analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 yield of 1.4%. Travelers Companies’s payout ratio is presently 13.39%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 9th. Mizuho lifted their price objective on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Truist Financial boosted their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the company a “buy” rating in a report on Monday, July 20th. Finally, Morgan Stanley upped their price target on Travelers Companies from $290.00 to $330.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $354.26.

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.