Integrated Wealth Concepts LLC Acquires 2,089 Shares of The Travelers Companies, Inc. $TRV

Integrated Wealth Concepts LLC grew its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 18.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,714 shares of the insurance provider’s stock after buying an additional 2,089 shares during the period. Integrated Wealth Concepts LLC’s holdings in Travelers Companies were worth $4,527,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC raised its position in shares of Travelers Companies by 13.4% in the fourth quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider’s stock valued at $789,000 after purchasing an additional 387 shares during the period. Revolve Wealth Partners LLC acquired a new position in Travelers Companies in the 4th quarter valued at about $276,000. WINTON GROUP Ltd bought a new position in Travelers Companies in the 2nd quarter valued at about $382,000. CIBC Asset Management Inc raised its holdings in Travelers Companies by 13.9% in the 2nd quarter. CIBC Asset Management Inc now owns 68,537 shares of the insurance provider’s stock valued at $18,336,000 after acquiring an additional 8,383 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Travelers Companies by 2.0% during the second quarter. Treasurer of the State of North Carolina now owns 105,605 shares of the insurance provider’s stock worth $28,254,000 after acquiring an additional 2,117 shares during the last quarter. 82.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Travelers Companies news, EVP Daniel Yin sold 7,153 shares of Travelers Companies 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 transaction, the executive vice president owned 68,834 shares in the company, valued at $26,638,758. The trade was a 9.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michael Klein sold 6,000 shares of the stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the completion of the transaction, 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. The SEC filing for this sale provides additional information. Insiders sold a total of 58,667 shares of company stock valued at $21,830,989 over the last ninety days. 1.39% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on TRV. Piper Sandler upped their target price on Travelers Companies to $340.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. HSBC upped their price objective on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a report on Monday, July 6th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $356.00 target price (up from $342.00) on shares of Travelers Companies in a report on Wednesday, July 8th. Mizuho boosted their target price on shares of Travelers Companies from $324.00 to $343.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Finally, The Goldman Sachs Group lowered shares of Travelers Companies from a “neutral” rating to a “sell” rating and set a $350.00 price target on the stock. in a research report on Monday, July 20th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have given 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.

Travelers Companies Stock Performance

NYSE TRV opened at $374.92 on Friday. The firm’s 50 day simple moving average is $366.76 and its 200 day simple moving average is $325.72. The firm has a market capitalization of $78.20 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 2.52 and a beta of 0.44. 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 Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70.

Travelers Companies (NYSE:TRV) last announced its quarterly earnings data on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, beating the consensus estimate of $5.41 by $4.63. The business had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company’s revenue was up .3% on a year-over-year basis. During the same period in the previous year, the business earned $6.51 earnings per share. As a group, research analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio is currently 13.39%.

Travelers Companies Company Profile

The Travelers Companies, Inc (NYSE: TRV) is a leading provider of property and casualty insurance products and services. The company serves individuals, businesses and public-sector organizations through a range of insurance offerings designed to help customers manage risks related to property, liability, transportation and other exposures.

Travelers’ principal businesses include Business Insurance, Bond & Specialty Insurance, and Personal Insurance. Its products and services include commercial property and casualty coverage, workers’ compensation, general and professional liability insurance, surety and fidelity bonds, cyber insurance, homeowners insurance, automobile insurance and other personal lines products.