Candriam S.C.A. Acquires 2,598 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Candriam S.C.A. increased its Travelers stake by 2.4%, adding 2,598 shares to hold 112,673 shares valued at about $40.3 million at quarter-end.
• Travelers reported quarterly EPS of $9.18, beating the $7.39 consensus, and revenue of $12.41 billion, above estimates of $11.36 billion.
• Insiders sold 195,287 shares worth about $77.8 million in the last quarter. Analysts’ consensus rating was “Hold,” with an average price target of $370.83.

Candriam S.C.A. raised its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,673 shares of the insurance provider's stock after acquiring an additional 2,598 shares during the period. Candriam S.C.A. owned approximately 0.05% of Travelers Companies worth $40,316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Travelers Companies during the second quarter worth about $6,915,909,000. Dimensional Fund Advisors LP increased its position in shares of Travelers Companies by 3.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,484,676 shares of the insurance provider's stock worth $1,016,433,000 after purchasing an additional 123,564 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Travelers Companies in the second quarter worth approximately $932,142,000. GQG Partners LLC purchased a new stake in Travelers Companies in the second quarter valued at approximately $789,024,000. Finally, Legal & General Group Plc purchased a new stake in Travelers Companies in the second quarter valued at approximately $558,164,000. Hedge funds and other institutional investors own 82.45% of the company's stock.

Insider Buying and Selling at Travelers Companies

In related news, EVP Maria Olivo sold 15,100 shares of the firm's stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $398.44, for a total transaction of $6,016,444.00. Following the transaction, the executive vice president directly owned 103,642 shares in the company, valued at $41,295,118.48. This trade represents a 12.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey Klenk sold 9,016 shares of the firm's stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total transaction of $3,656,619.12. Following the completion of the transaction, the executive vice president owned 6,075 shares in the company, valued at $2,463,837.75. This represents a 59.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 195,287 shares of company stock worth $77,818,050 over the last quarter. Company insiders own 1.39% of the company's stock.

Travelers Companies Stock Performance

Shares of NYSE TRV opened at $395.08 on Friday. The stock has a market cap of $80.97 billion, a price-to-earnings ratio of 10.36, a P/E/G ratio of 2.73 and a beta of 0.40. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The Travelers Companies, Inc. has a 1-year low of $268.00 and a 1-year high of $418.00. The stock's 50-day moving average is $377.66 and its 200 day moving average is $332.77.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Friday, October 16th. The insurance provider reported $9.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.39 by $1.79. The business had revenue of $12.41 billion during the quarter, compared to analyst estimates of $11.36 billion. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. Travelers Companies's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $8.14 earnings per share. On average, sell-side analysts anticipate that The Travelers Companies, Inc. will post 36.27 EPS for the current fiscal year.

Travelers Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 10th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, December 10th. Travelers Companies's dividend payout ratio (DPR) is 13.11%.

Analysts Set New Price Targets

Several brokerages have issued reports on TRV. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $384.00 target price (up from $363.00) on shares of Travelers Companies in a research report on Monday, October 19th. Piper Sandler increased their price target on shares of Travelers Companies from $329.00 to $340.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of Travelers Companies from a "buy (a)" rating to a "buy (a+)" rating in a research report on Friday, October 9th. Evercore lowered their price objective on shares of Travelers Companies from $372.00 to $342.00 in a research report on Wednesday, October 28th. Finally, Cantor Fitzgerald lifted their price objective on shares of Travelers Companies from $378.00 to $397.00 and gave the stock an "overweight" rating in a report on Monday, October 26th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, fifteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Travelers Companies has an average rating of "Hold" and a consensus target price of $370.83.

Travelers Companies Profile

The Travelers Companies, Inc is a property and casualty insurance provider serving individuals, businesses and organizations. Its products include personal auto and homeowners insurance, as well as commercial coverage such as property, general liability, workers' compensation and commercial auto insurance.

The company also provides surety bonds and specialty insurance, including coverage for businesses and professional services. Travelers distributes many of its products through independent agents and brokers.

Travelers has roots in insurance businesses founded in the 19th century, including The Travelers Insurance Company, established in 1864, and St.

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