OneDigital Investment Advisors LLC Invests $2.21 Million in The Travelers Companies, Inc. $TRV

OneDigital Investment Advisors LLC acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,695 shares of the insurance provider’s stock, valued at approximately $2,210,000.

Other hedge funds also recently bought and sold shares of the company. LifeSteps Financial Inc. purchased a new stake in Travelers Companies in the 2nd quarter worth approximately $26,000. HHM Wealth Advisors LLC boosted its holdings in Travelers Companies by 145.7% in the 1st 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 during the period. Kemnay Advisory Services Inc. purchased a new position in shares of Travelers Companies during the 4th quarter valued at $26,000. Whipplewood Advisors LLC purchased a new position in shares of Travelers Companies during the 1st quarter valued at $26,000. Finally, Osterweis Capital Management Inc. increased its holdings in shares of Travelers Companies by 1,820.0% in the second quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TRV. HSBC increased their price objective on Travelers Companies from $321.00 to $351.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Raymond James Financial set a $430.00 target price on Travelers Companies in a research note on Monday, July 20th. TD Cowen cut Travelers Companies from a “hold” rating to a “sell” rating and set a $297.00 price target on the stock. in a report on Monday, July 13th. Cantor Fitzgerald lifted their price target on Travelers Companies from $335.00 to $360.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Piper Sandler boosted their price objective on Travelers Companies to $340.00 and gave the stock an “overweight” rating in a report on Monday, July 13th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $354.26.

Insiders Place Their Bets

In other news, CFO Daniel S. Frey sold 14,037 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $368.24, for a total value of $5,168,984.88. Following the completion of the sale, the chief financial officer directly owned 27,535 shares in the company, valued at approximately $10,139,488.40. The trade was a 33.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the sale, the executive vice president directly owned 45,125 shares of the company’s stock, valued at $16,519,811.25. This trade represents a 11.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 62,667 shares of company stock valued at $22,688,329 over the last 90 days. Company insiders own 1.39% of the company’s stock.

Travelers Companies Trading Up 0.0%

NYSE TRV opened at $370.49 on Monday. 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 stock’s 50-day simple moving average is $345.99 and its two-hundred day simple moving average is $315.49. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The company has a market capitalization of $77.27 billion, a price-to-earnings ratio of 9.92, a PEG ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last posted 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 analysts’ expectations 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 for the quarter was up .3% compared to the same quarter last year. During the same period in the prior year, the business earned $6.51 EPS. Research analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current fiscal 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 paid a $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.3%. Travelers Companies’s dividend payout ratio is currently 13.39%.

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.