R.H. Investment Group LLC Buys Shares of 20,186 The Travelers Companies, Inc. $TRV

R.H. Investment Group LLC bought a new stake in The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,186 shares of the insurance provider’s stock, valued at approximately $6,664,000. Travelers Companies makes up 5.0% of R.H. Investment Group LLC’s portfolio, making the stock its 4th biggest holding.

A number of other institutional investors have also recently made changes to their positions in TRV. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Travelers Companies in the fourth quarter worth about $24,167,000. Rit Capital Partners PLC purchased a new stake in Travelers Companies during the 4th quarter valued at about $39,450,000. UBS Group AG raised its holdings in Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider’s stock valued at $514,786,000 after acquiring an additional 89,159 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in Travelers Companies by 41.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider’s stock valued at $19,149,000 after acquiring an additional 19,347 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft purchased a new stake in Travelers Companies in the 1st quarter valued at $576,000. 82.45% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP David Donnay Rowland sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. The trade was a 32.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Diane Kurtzman sold 4,164 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 5,298 shares in the company, valued at approximately $2,048,789.58. This represents a 44.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 62,667 shares of company stock worth $22,688,329. Insiders own 1.39% of the company’s stock.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $370.49 on Monday. The firm has a market cap of $77.27 billion, a PE ratio of 9.92, a price-to-earnings-growth ratio of 3.52 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 52 week low of $252.26 and a 52 week high of $398.70. The business’s fifty day simple moving average is $345.99 and its 200-day simple moving average is $315.49.

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. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company earned $6.51 EPS. Equities analysts forecast that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 1.3%. Travelers Companies’s dividend payout ratio (DPR) is currently 13.39%.

Analyst Ratings Changes

TRV has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on Travelers Companies from $295.00 to $334.00 and gave the stock an “equal weight” rating in a report on Thursday, July 9th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Truist Financial raised their price objective on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. Weiss Ratings reiterated a “buy (a-)” rating on shares of Travelers Companies in a report on Wednesday, August 5th. Finally, Mizuho increased their price target on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $354.26.

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.