Equitable Holdings Inc. Buys New Position in The Travelers Companies, Inc. $TRV

Equitable Holdings Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,643 shares of the insurance provider’s stock, valued at approximately $1,863,000.

Other hedge funds have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC grew its position in shares of Travelers Companies by 145.7% during the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock worth $25,000 after buying an additional 51 shares during the period. Osterweis Capital Management Inc. increased its stake in shares of Travelers Companies by 1,820.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 96 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 91 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Travelers Companies during the 4th quarter valued at $26,000. Whipplewood Advisors LLC acquired a new position in shares of Travelers Companies during the 1st quarter valued at $26,000. Finally, LifeSteps Financial Inc. bought a new position in Travelers Companies during the second quarter worth $26,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

TRV opened at $369.85 on Friday. 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 company’s fifty day moving average price is $358.56 and its two-hundred day moving average price is $320.77. The Travelers Companies, Inc. has a 1-year low of $252.26 and a 1-year high of $398.70. The company has a market cap of $77.14 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 3.51 and a beta of 0.45.

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, beating 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 net margin of 16.95% and a return on equity of 25.41%. The business’s revenue was up .3% on a year-over-year basis. During the same period last year, the company earned $6.51 earnings per share. On average, 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 declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given 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 1.4%. Travelers Companies’s dividend payout ratio (DPR) is presently 13.39%.

Insider Buying and Selling at Travelers Companies

In other news, CFO Daniel S. Frey sold 14,037 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total value of $5,168,984.88. Following the transaction, the chief financial officer owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael Frederick Klein sold 6,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $366.09, for a total value of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 52,667 shares of company stock worth $19,611,829. 1.39% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. UBS Group raised their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. raised shares of Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Citigroup restated a “market perform” rating on shares of Travelers Companies in a research note on Monday, July 20th. Seaport Research Partners set a $322.00 target price on Travelers Companies in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $356.00 price target (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Four investment 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.