Kingsview Wealth Management LLC Purchases New Holdings in The Travelers Companies, Inc. $TRV

Kingsview Wealth Management LLC acquired a new position in The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 13,826 shares of the insurance provider's stock, valued at approximately $4,564,000.

• Travelers Stock Surges 10% as Earnings Beat Reveals Underwriting Discipline

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Travelers Companies during the second quarter valued at approximately $4,447,000. Arbejdsmarkedets Tillaegspension purchased a new stake in Travelers Companies in the 4th quarter worth $24,167,000. Biondo Investment Advisors LLC bought a new position in shares of Travelers Companies during the 2nd quarter valued at about $13,649,000. Evolve Private Wealth LLC purchased a new position in shares of Travelers Companies during the second quarter valued at about $987,000. Finally, Rit Capital Partners PLC bought a new position in Travelers Companies during the fourth quarter valued at approximately $39,450,000. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Travelers Companies Stock Performance

TRV stock opened at $369.85 on Friday. 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 business's fifty day simple moving average is $358.56 and its two-hundred day simple moving average is $320.77. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The firm 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.

• Allstate’s Comeback Is Turning Into a Profit Machine

Travelers Companies (NYSE:TRV - Get Free Report) last posted its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 earnings per share for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The firm had revenue of $12.15 billion during the quarter, compared to the consensus estimate of $11.26 billion. During the same quarter in the previous year, the firm posted $6.51 earnings per share. The company's revenue was up .3% on a year-over-year basis. Analysts predict that The Travelers Companies, Inc. will post 33.82 earnings per share for the current year.

Travelers Companies Announces Dividend

The company 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 $1.25 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. Travelers Companies's payout ratio is presently 13.39%.

Insider Activity

• 3 Insurance Stocks That Can Act as a New Inflation Hedge

In other news, EVP Michael Frederick Klein sold 6,000 shares of the business's 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 sale, the executive vice president owned 45,125 shares in the company, valued at approximately $16,519,811.25. The trade was a 11.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the company'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 transaction 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. The trade was a 33.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 52,667 shares of company stock worth $19,611,829 over the last 90 days. 1.39% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TRV has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised shares of Travelers Companies from an "underweight" rating to a "neutral" rating and raised their target price for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Mizuho upped 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. UBS Group increased their price objective on shares of Travelers Companies from $314.00 to $350.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Travelers Companies in a report on Tuesday, July 21st. Finally, BMO Capital Markets cut shares of Travelers Companies from an "outperform" rating to a "market perform" rating and upped their target price for the company from $314.00 to $379.00 in a research report on Tuesday, July 21st. Four equities research 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $354.26.

Read Our Latest Research Report on Travelers Companies

Travelers Companies Profile

(Free Report)

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.

Further Reading

• Five stocks we like better than Travelers Companies
• 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
• IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
• Boeing's $131B F-15 Win: Mach 1 Momentum or Just Altitude?
• Okta Stock Surges 29%—Is $200 the Next Stop?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Travelers Companies Right Now?

Before you consider Travelers Companies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Travelers Companies wasn't on the list.

While Travelers Companies currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here