PYA Waltman Capital LLC Raises Holdings in The Travelers Companies, Inc. $TRV

PYA Waltman Capital LLC increased its holdings in The Travelers Companies, Inc. (NYSE:TRV) by 23.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,598 shares of the insurance provider’s stock after buying an additional 1,456 shares during the period. PYA Waltman Capital LLC’s holdings in Travelers Companies were worth $2,508,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of TRV. HHM Wealth Advisors LLC increased its holdings in shares of Travelers Companies by 145.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 86 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 51 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Travelers Companies in the 1st quarter worth $26,000. LifeSteps Financial Inc. purchased a new stake in shares of Travelers Companies during the 2nd quarter worth $26,000. Kilter Group LLC purchased a new stake in shares of Travelers Companies during the 2nd quarter worth $26,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Travelers Companies during the fourth quarter valued at about $26,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.

Insider Buying and Selling

In other news, EVP Michael Frederick 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 value of $2,196,540.00. Following the transaction, the executive vice president directly owned 45,125 shares of the company’s stock, valued at approximately $16,519,811.25. This represents a 11.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Daniel S. Frey sold 14,037 shares of the stock in a transaction dated Tuesday, July 21st. The shares were 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 in the company, valued at $10,139,488.40. This represents a 33.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 58,667 shares of company stock worth $21,830,989 over the last three months. Corporate insiders own 1.39% of the company’s stock.

Travelers Companies Stock Down 0.6%

NYSE:TRV opened at $363.61 on Wednesday. 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 twelve month low of $252.26 and a twelve month high of $398.70. The company has a market cap of $75.84 billion, a PE ratio of 9.74, a P/E/G ratio of 2.46 and a beta of 0.45. The company’s 50 day moving average is $360.59 and its two-hundred day moving average is $321.90.

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

Travelers Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be paid a $1.25 dividend. The ex-dividend date is Thursday, September 10th. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. Travelers Companies’s dividend payout ratio (DPR) is 13.39%.

Analyst Upgrades and Downgrades

TRV has been the topic of several analyst reports. UBS Group lifted their target price on Travelers Companies from $314.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. JPMorgan Chase & Co. upgraded shares of Travelers Companies from an “underweight” rating to a “neutral” rating and raised their price target for the company from $316.00 to $322.00 in a report on Tuesday, May 26th. Weiss Ratings raised shares of Travelers Companies from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, August 20th. Raymond James Financial set a $430.00 price objective on shares of Travelers Companies in a research note on Monday, July 20th. Finally, Barclays increased their target price on shares of Travelers Companies from $295.00 to $318.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Four research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $354.26.

Travelers Companies Profile

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.