Oliver Lagore Vanvalin Investment Group purchased a new stake in The Travelers Companies, Inc. (NYSE:TRV – Get Rating) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 175 shares of the insurance provider’s stock, valued at approximately $32,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in Travelers Companies by 0.9% in the first quarter. State Street Corp now owns 17,450,134 shares of the insurance provider’s stock valued at $3,188,663,000 after buying an additional 160,389 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Travelers Companies by 2.1% in the fourth quarter. Geode Capital Management LLC now owns 4,233,724 shares of the insurance provider’s stock worth $660,678,000 after acquiring an additional 86,442 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Travelers Companies by 14.7% in the first quarter. JPMorgan Chase & Co. now owns 3,603,296 shares of the insurance provider’s stock worth $658,429,000 after acquiring an additional 460,615 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Travelers Companies by 0.5% in the first quarter. First Eagle Investment Management LLC now owns 3,108,769 shares of the insurance provider’s stock worth $568,065,000 after acquiring an additional 15,694 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Travelers Companies in the fourth quarter worth about $224,986,000. 82.39% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In other news, EVP Mojgan M. Lefebvre sold 2,945 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $168.33, for a total value of $495,731.85. Following the completion of the transaction, the executive vice president now owns 1,020 shares in the company, valued at $171,696.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.07% of the company’s stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on TRV shares. Wolfe Research reaffirmed a “peer perform” rating on shares of Travelers Companies in a research note on Thursday, June 23rd. UBS Group dropped their target price on shares of Travelers Companies from $184.00 to $169.00 and set a “neutral” rating for the company in a research note on Monday, July 25th. Barclays dropped their price target on shares of Travelers Companies from $184.00 to $177.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Raymond James raised shares of Travelers Companies from a “market perform” rating to a “strong-buy” rating and set a $185.00 price target for the company in a research note on Monday, July 25th. Finally, Piper Sandler dropped their price target on shares of Travelers Companies from $190.00 to $175.00 and set a “neutral” rating for the company in a research note on Friday, July 22nd. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $174.60.
Travelers Companies Stock Down 1.1 %
Shares of NYSE TRV opened at $162.33 on Friday. The stock has a market cap of $38.52 billion, a P/E ratio of 11.27, a P/E/G ratio of 3.00 and a beta of 0.61. The Travelers Companies, Inc. has a 52-week low of $145.40 and a 52-week high of $187.98. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a 50 day moving average price of $163.40 and a 200 day moving average price of $170.83.
Travelers Companies (NYSE:TRV – Get Rating) last released its quarterly earnings results on Thursday, July 21st. The insurance provider reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.57. The company had revenue of $9.14 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Travelers Companies had a net margin of 9.97% and a return on equity of 13.64%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.45 earnings per share. Analysts expect that The Travelers Companies, Inc. will post 13.61 EPS for the current year.
Travelers Companies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 9th will be issued a $0.93 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Thursday, September 8th. Travelers Companies’s dividend payout ratio (DPR) is presently 25.82%.
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.
See Also
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