Pallas Capital Advisors LLC Acquires New Holdings in The Travelers Companies, Inc. $TRV

Pallas Capital Advisors LLC acquired a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 6,266 shares of the insurance provider’s stock, valued at approximately $2,069,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. LifeSteps Financial Inc. bought a new position in shares of Travelers Companies during the second quarter valued at $26,000. HHM Wealth Advisors LLC grew its stake in shares of Travelers Companies by 145.7% in the first quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 51 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Travelers Companies in the fourth quarter valued at $26,000. Whipplewood Advisors LLC acquired a new stake in Travelers Companies in the first quarter valued at $26,000. Finally, Osterweis Capital Management Inc. raised its position in Travelers Companies by 1,820.0% during the 2nd 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 last quarter. 82.45% of the stock is owned by institutional investors.

Travelers Companies Stock Performance

TRV stock opened at $364.50 on Tuesday. The stock has a 50-day moving average price of $347.35 and a 200-day moving average price of $316.08. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year 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 cap of $76.03 billion, a PE ratio of 9.76, a price-to-earnings-growth ratio of 3.52 and a beta of 0.45.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $11.26 billion. During the same period in the previous year, the business earned $6.51 EPS. The firm’s revenue was up .3% compared to the same quarter last year. As a group, equities research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Insider Buying and Selling

In other news, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $387.00, for a total transaction of $2,768,211.00. Following the transaction, the executive vice president owned 68,834 shares of the company’s stock, valued at $26,638,758. This represents a 9.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP David Donnay Rowland sold 5,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president owned 10,479 shares of the company’s stock, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 62,667 shares of company stock worth $22,688,329 over the last ninety days. 1.39% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TRV shares. Bank of America lifted their target price on Travelers Companies from $283.00 to $307.00 and gave the stock an “underperform” rating in a report on Monday, July 20th. Citigroup restated a “market perform” rating on shares of Travelers Companies in a research report on Monday, July 20th. The Goldman Sachs Group lowered Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price objective on the stock. in a research note on Monday, July 20th. Roth Capital increased their target price on shares of Travelers Companies from $345.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Finally, Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a report on Monday, July 20th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.