13,686 The Travelers Companies, Inc. $TRV Shares Bought by Crossmark Global Holdings Inc.

Key Points

• Crossmark Global Holdings increased its Travelers stake by 155.4% in the third quarter, purchasing 13,686 additional shares and bringing its holdings to 22,494 shares worth about $8.0 million. Institutional investors collectively own 82.45% of the company.
• Travelers reported quarterly earnings of $9.18 per share, exceeding the $7.39 analyst consensus, while revenue of $12.41 billion also topped expectations. Shares opened at $405.64, near their 52-week high of $407.87.
• The company declared a quarterly dividend of $1.25, equivalent to $5.00 annually and a 1.2% yield. Analysts remain mixed overall, with several raising price targets, but the consensus rating is “Hold” and executives recently sold a combined 22,600 shares.

Crossmark Global Holdings Inc. raised its stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 155.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,494 shares of the insurance provider's stock after purchasing an additional 13,686 shares during the period. Crossmark Global Holdings Inc.'s holdings in Travelers Companies were worth $8,019,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Travelers Companies during the second quarter valued at about $6,915,909,000. Bank of America Corp DE bought a new stake in shares of Travelers Companies in the 2nd quarter valued at about $932,142,000. GQG Partners LLC bought a new stake in shares of Travelers Companies in the 2nd quarter valued at about $789,024,000. Legal & General Group Plc purchased a new position in shares of Travelers Companies in the 2nd quarter worth approximately $558,164,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Travelers Companies in the 2nd quarter worth approximately $469,505,000. 82.45% of the stock is currently owned by institutional investors.

Travelers Companies Stock Performance

Shares of Travelers Companies stock opened at $405.64 on Friday. The firm has a market capitalization of $83.14 billion, a P/E ratio of 10.64, a PEG ratio of 2.81 and a beta of 0.43. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $370.83 and a 200 day moving average price of $340.73. The Travelers Companies, Inc. has a 52 week low of $264.25 and a 52 week high of $407.87.

Travelers Companies (NYSE:TRV - Get Free Report) last released its earnings results on Friday, October 16th. The insurance provider reported $9.18 EPS for the quarter, topping analysts' consensus estimates of $7.39 by $1.79. The company had revenue of $12.41 billion during the quarter, compared to analysts' expectations of $11.36 billion. Travelers Companies had a net margin of 17.03% and a return on equity of 26.19%. Travelers Companies's revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the business earned $8.14 EPS. Sell-side analysts expect that The Travelers Companies, Inc. will post 35.65 EPS for the current year.

Travelers Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Thursday, December 10th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.2%. Travelers Companies's dividend payout ratio (DPR) is currently 13.11%.

Key Headlines Impacting Travelers Companies

Here are the key news stories impacting Travelers Companies this week:

• Positive Sentiment: Keefe, Bruyette & Woods, Mizuho, and JPMorgan Chase each raised their price targets for Travelers, signaling greater confidence in the insurer’s earnings outlook and supporting the stock’s recent strength. Keefe, Bruyette & Woods price target article Mizuho price target article JPMorgan price target article
• Positive Sentiment: Wells Fargo said Travelers’ stock is expected to rise, while Truist Financial also increased its price target. These revisions add to the positive analyst momentum around the company. Wells Fargo analyst article Truist Financial price target article
• Positive Sentiment: A recent investment article highlighted Travelers’ strong underwriting profitability, noting that the company retains roughly 16 cents of each premium dollar as underwriting profit. Its latest reported quarter also exceeded consensus estimates for both earnings and revenue, reinforcing the investment case. Insurance stocks investment article
• Neutral Sentiment: Analyst views remain mixed: BMO Capital assigned a Hold rating, while Barclays issued a Sell rating. The split suggests valuation and future growth remain areas of debate despite the recent target increases. BMO Hold rating Barclays Sell rating
• Negative Sentiment: Travelers executives Michael Klein and Maria Olivo sold a combined 22,600 shares worth approximately $9 million. Although both retained substantial holdings, the sales reduce insider ownership and may create a modest negative signal for investors. Michael Klein SEC filing Maria Olivo SEC filing

Analyst Upgrades and Downgrades

TRV has been the subject of several recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Travelers Companies from $372.00 to $382.00 and gave the stock a "market perform" rating in a research note on Tuesday. Weiss Ratings upgraded shares of Travelers Companies from a "buy (a)" rating to a "buy (a+)" rating in a research note on Friday, October 9th. Mizuho raised their target price on shares of Travelers Companies from $345.00 to $371.00 and gave the company a "neutral" rating in a research note on Tuesday. Wells Fargo & Company lifted their price target on shares of Travelers Companies from $341.00 to $377.00 and gave the stock an "equal weight" rating in a report on Monday. Finally, Evercore set a $329.00 price target on Travelers Companies and gave the stock an "in-line" rating in a research report on Friday, July 10th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $364.32.

Insiders Place Their Bets

In other news, EVP Michael Klein sold 7,500 shares of the business's stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $392.79, for a total transaction of $2,945,925.00. Following the sale, the executive vice president directly owned 45,125 shares of the company's stock, valued at $17,724,648.75. The trade was a 14.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Olivo sold 15,100 shares of the company's stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $398.44, for a total value of $6,016,444.00. Following the completion of the transaction, the executive vice president directly owned 103,642 shares in the company, valued at approximately $41,295,118.48. The trade was a 12.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 28,600 shares of company stock valued at $11,181,529. Corporate insiders own 1.39% of the company's stock.

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers' compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.

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