New Wave Wealth Advisors LLC Makes New Investment in The Travelers Companies, Inc. (NYSE:TRV)

New Wave Wealth Advisors LLC acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,021 shares of the insurance provider’s stock, valued at approximately $208,000.

Other large investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in shares of Travelers Companies by 38.7% during the first quarter. Nordea Investment Management AB now owns 342,288 shares of the insurance provider’s stock valued at $78,689,000 after buying an additional 95,451 shares during the period. Cetera Investment Advisers boosted its position in shares of Travelers Companies by 356.3% during the first quarter. Cetera Investment Advisers now owns 45,541 shares of the insurance provider’s stock valued at $10,481,000 after buying an additional 35,560 shares during the period. Wellington Management Group LLP boosted its position in shares of Travelers Companies by 100.9% during the fourth quarter. Wellington Management Group LLP now owns 50,910 shares of the insurance provider’s stock valued at $9,698,000 after buying an additional 25,575 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Travelers Companies during the fourth quarter valued at approximately $874,000. Finally, GAMMA Investing LLC boosted its position in shares of Travelers Companies by 162.6% during the second quarter. GAMMA Investing LLC now owns 4,926 shares of the insurance provider’s stock valued at $1,002,000 after buying an additional 3,050 shares during the period. 82.45% of the stock is owned by institutional investors.

Insider Transactions at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $211.44, for a total value of $2,114,400.00. Following the completion of the transaction, the executive vice president now owns 22,798 shares in the company, valued at approximately $4,820,409.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.33% of the company’s stock.

Travelers Companies Stock Up 0.4 %

Travelers Companies stock opened at $235.12 on Wednesday. The Travelers Companies, Inc. has a 1-year low of $157.33 and a 1-year high of $243.48. The business has a fifty day moving average price of $224.72 and a 200-day moving average price of $218.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.33 and a quick ratio of 0.33. The stock has a market capitalization of $53.59 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.23 and a beta of 0.62.

Travelers Companies (NYSE:TRV) last issued its quarterly earnings results on Friday, July 19th. The insurance provider reported $2.51 earnings per share for the quarter, missing analysts’ consensus estimates of $3.23 by ($0.72). The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.35 billion. Travelers Companies had a return on equity of 15.90% and a net margin of 8.37%. Travelers Companies’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. Equities research analysts forecast that The Travelers Companies, Inc. will post 17.18 EPS for the current fiscal year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th were issued a $1.05 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.79%. Travelers Companies’s dividend payout ratio is currently 31.20%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Travelers Companies from $221.00 to $234.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley lowered their price target on Travelers Companies from $220.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, July 19th. William Blair reiterated a “market perform” rating on shares of Travelers Companies in a report on Friday, June 28th. TD Cowen lowered Travelers Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $252.00 to $230.00 in a report on Monday, July 15th. Finally, StockNews.com lowered Travelers Companies from a “buy” rating to a “hold” rating in a report on Saturday. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $227.05.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.