Allworth Financial LP purchased a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 23,688 shares of the insurance provider's stock, valued at approximately $5,223,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Arbejdsmarkedets Tillaegspension purchased a new position in shares of Travelers Companies in the 4th quarter valued at $24,167,000. Rit Capital Partners PLC purchased a new stake in Travelers Companies in the fourth quarter valued at $39,450,000. UBS Group AG boosted its stake in Travelers Companies by 5.3% in the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider's stock valued at $514,786,000 after acquiring an additional 89,159 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of Travelers Companies during the first quarter worth about $576,000. Finally, OMERS ADMINISTRATION Corp grew its holdings in shares of Travelers Companies by 34.6% during the first quarter. OMERS ADMINISTRATION Corp now owns 13,006 shares of the insurance provider's stock worth $3,794,000 after purchasing an additional 3,342 shares during the last quarter. 82.45% of the stock is owned by institutional investors and hedge funds.
Travelers Companies Stock Up 0.7%
TRV stock opened at $364.79 on Friday. The stock has a market capitalization of $76.09 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 3.44 and a beta of 0.45. The company has a fifty day moving average of $351.09 and a 200-day moving average of $317.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.33 and a current ratio of 0.33. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70.
Travelers Companies (NYSE:TRV - Get Free Report) last issued 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. The business had revenue of $12.15 billion for the quarter, compared to analyst estimates of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The business's revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the business posted $6.51 earnings per share. As a group, analysts expect that The Travelers Companies, Inc. will post 33.82 EPS for the current year.
Travelers Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 10th will be given a dividend of $1.25 per share. The ex-dividend date is Thursday, September 10th. This represents a $5.00 annualized dividend and a yield of 1.4%. Travelers Companies's payout ratio is presently 13.39%.
Insider Buying and Selling at Travelers Companies
In related news, EVP Michael Frederick Klein sold 10,000 shares of Travelers Companies stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $307.65, for a total value of $3,076,500.00. Following the sale, the executive vice president directly owned 45,125 shares in the company, valued at $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Daniel Tei-Hwa Yin sold 7,153 shares of the company's stock in a transaction on Friday, July 24th. The stock was sold at an average price of $387.00, for a total value of $2,768,211.00. Following the transaction, the executive vice president directly owned 68,834 shares in the company, valued at $26,638,758. This represents a 9.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
TRV has been the topic of a number of research reports. JPMorgan Chase & Co. upgraded Travelers Companies from an "underweight" rating to a "neutral" rating and raised their price target for the stock from $316.00 to $322.00 in a research note on Tuesday, May 26th. Seaport Research Partners set a $322.00 price objective on Travelers Companies in a report on Tuesday, May 26th. The Goldman Sachs Group lowered shares of Travelers Companies from a "neutral" rating to a "sell" rating and set a $350.00 target price on the stock. in a research report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Travelers Companies in a report on Tuesday, July 21st. Finally, Piper Sandler increased their price target on shares of Travelers Companies to $340.00 and gave the stock an "overweight" rating in a research note on Monday, July 13th. Four 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 issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $354.26.
Read Our Latest Stock Analysis on TRV
Travelers Companies Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding TRV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Travelers Companies, Inc. (NYSE:TRV - Free Report).
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