Citizens Financial Group Inc. RI Invests $14.78 Million in The Travelers Companies, Inc. $TRV

Key Points

• Citizens Financial Group acquired 44,782 Travelers shares worth approximately $14.78 million, while institutional investors collectively own 82.45% of the insurer.
• Travelers reported quarterly EPS of $10.04, significantly above the $5.41 analyst consensus, on revenue of $12.15 billion versus expectations of $11.26 billion.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $354.26; Travelers also declared a quarterly dividend of $1.25 per share.

Citizens Financial Group Inc. RI acquired a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 44,782 shares of the insurance provider's stock, valued at approximately $14,783,000.

Several other institutional investors have also recently bought and sold shares of the company. Arbejdsmarkedets Tillaegspension bought a new position in shares of Travelers Companies in the fourth quarter worth about $24,167,000. Rit Capital Partners PLC bought a new stake in Travelers Companies during the 4th quarter valued at approximately $39,450,000. UBS Group AG grew its holdings in Travelers Companies by 5.3% in the 4th quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider's stock valued at $514,786,000 after buying an additional 89,159 shares during the last quarter. Swiss Life Asset Management Ltd grew its holdings in Travelers Companies by 41.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 66,016 shares of the insurance provider's stock valued at $19,149,000 after buying an additional 19,347 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new position in Travelers Companies in the 1st quarter worth approximately $576,000. Institutional investors own 82.45% of the company's stock.

Insider Activity at Travelers Companies

In related news, EVP Michael Frederick Klein sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president owned 45,125 shares in the company, valued at $13,882,706.25. This trade represents a 18.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mojgan M. Lefebvre sold 16,313 shares of the firm's stock in a transaction dated Tuesday, July 21st. The shares were sold at an average price of $368.38, for a total transaction of $6,009,382.94. Following the completion of the transaction, the executive vice president directly owned 9,213 shares in the company, valued at $3,393,884.94. This trade represents a 63.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 62,667 shares of company stock valued at $22,688,329 in the last three months. 1.39% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on TRV. Piper Sandler increased their price objective on Travelers Companies to $340.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Barclays upped their target price on shares of Travelers Companies from $295.00 to $318.00 and gave the company an "underweight" rating in a research note on Tuesday, July 21st. Raymond James Financial set a $430.00 price target on shares of Travelers Companies in a report on Monday, July 20th. UBS Group raised their price target on shares of Travelers Companies from $314.00 to $350.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 8th. Finally, TD Cowen lowered shares of Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 price objective for the company. in a research report on Monday, July 13th. Four analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $354.26.

Travelers Companies Stock Performance

TRV opened at $364.50 on Tuesday. The stock has a market cap of $76.03 billion, a PE ratio of 9.76, a P/E/G ratio of 3.52 and a beta of 0.45. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27. The Travelers Companies, Inc. has a 1 year low of $252.26 and a 1 year high of $398.70. The stock's 50 day simple moving average is $347.35 and its 200-day simple moving average is $316.08.

Travelers Companies (NYSE:TRV - Get Free Report) last announced its quarterly earnings results on Friday, July 17th. The insurance provider reported $10.04 EPS for the quarter, topping analysts' consensus estimates of $5.41 by $4.63. The firm had revenue of $12.15 billion during the quarter, compared to analysts' expectations of $11.26 billion. Travelers Companies had a net margin of 16.95% and a return on equity of 25.41%. The company's revenue for the quarter was up .3% compared to the same quarter last year. During the same quarter last year, the company earned $6.51 earnings per share. Sell-side analysts forecast that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 10th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's payout ratio is currently 13.39%.

About Travelers Companies

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.

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