OneAscent Family Office LLC Makes New $439,000 Investment in The Travelers Companies, Inc. $TRV

OneAscent Family Office LLC bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,992 shares of the insurance provider’s stock, valued at approximately $439,000.

Several other large investors have also recently made changes to their positions in the company. LifeSteps Financial Inc. acquired a new stake in Travelers Companies during the second quarter valued at $26,000. Kilter Group LLC acquired a new position in shares of Travelers Companies in the second quarter worth about $26,000. HHM Wealth Advisors LLC raised its position 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 acquiring an additional 51 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of Travelers Companies during the 4th quarter worth about $26,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Travelers Companies during the 1st quarter worth about $26,000. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Down 0.2%

TRV opened at $363.83 on Friday. The company has a market cap of $75.88 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The Travelers Companies, Inc. has a twelve month low of $252.26 and a twelve month high of $398.70. The company has a 50-day moving average price of $352.28 and a 200 day moving average price of $318.12. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.27.

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 the consensus estimate 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 analysts’ expectations of $11.26 billion. During the same period in the previous year, the firm posted $6.51 EPS. Travelers Companies’s revenue was up .3% compared to the same quarter last year. Sell-side analysts expect that The Travelers Companies, Inc. will post 33.82 earnings per share for the current fiscal year.

Travelers Companies Announces Dividend

The company also recently announced 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. This represents a $5.00 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, September 10th. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Analyst Ratings Changes

TRV has been the topic of a number of analyst reports. Zacks Research upgraded Travelers Companies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upgraded Travelers Companies from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. Bank of America raised their price objective on Travelers Companies from $283.00 to $307.00 and gave the company an “underperform” rating in a report on Monday, July 20th. HSBC boosted their price objective on Travelers Companies from $321.00 to $351.00 and gave the company a “hold” rating in a research report on Monday, July 6th. Finally, Mizuho upped their target price on Travelers Companies from $324.00 to $343.00 and gave the stock a “neutral” rating in a research note on Friday, July 24th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Travelers Companies has a consensus rating of “Hold” and an average price target of $354.26.

Insider Transactions at Travelers Companies

In related news, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 27,535 shares of the company’s stock, valued at approximately $10,139,488.40. This represents a 33.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the firm’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $387.00, for a total value of $2,768,211.00. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 62,667 shares of company stock valued at $22,688,329. Insiders own 1.39% of the company’s stock.

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.