Equitable Holdings Inc. Buys Shares of 5,643 The Travelers Companies, Inc. $TRV

Key Points

• Equitable Holdings acquired 5,643 shares of Travelers Companies in the second quarter, valued at approximately $1.86 million. Institutional investors and hedge funds collectively own 82.45% of TRV.
• Travelers reported quarterly earnings of $10.04 per share, exceeding analyst expectations of $5.41, while revenue reached $12.15 billion. The company also declared a quarterly dividend of $1.25 per share, equal to a 1.4% annual yield.
• Analysts have a consensus “Hold” rating on Travelers, with an average price target of $354.26 compared with the stock’s reported price of $369.85; recent targets ranged from $297 to $425.

Equitable Holdings Inc. bought a new position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 5,643 shares of the insurance provider's stock, valued at approximately $1,863,000.

Other hedge funds also recently made changes to their positions in the company. Berman McAleer LLC lifted its stake in Travelers Companies by 3.5% in the 2nd quarter. Berman McAleer LLC now owns 894 shares of the insurance provider's stock valued at $295,000 after purchasing an additional 30 shares during the last quarter. Willner & Heller LLC increased its holdings in shares of Travelers Companies by 2.7% during the second quarter. Willner & Heller LLC now owns 1,206 shares of the insurance provider's stock worth $398,000 after buying an additional 32 shares in the last quarter. Spinnaker Trust increased its holdings in shares of Travelers Companies by 1.7% during the first quarter. Spinnaker Trust now owns 1,938 shares of the insurance provider's stock worth $565,000 after buying an additional 33 shares in the last quarter. Cim LLC lifted its stake in shares of Travelers Companies by 0.4% in the 4th quarter. Cim LLC now owns 8,145 shares of the insurance provider's stock valued at $2,363,000 after acquiring an additional 34 shares during the last quarter. Finally, Avalon Trust Co boosted its holdings in shares of Travelers Companies by 0.4% during the 1st quarter. Avalon Trust Co now owns 8,784 shares of the insurance provider's stock valued at $2,562,000 after acquiring an additional 35 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Stock Up 0.1%

Shares of TRV opened at $369.85 on Friday. The company has a market capitalization of $77.14 billion, a PE ratio of 9.90, a PEG ratio of 3.51 and a beta of 0.45. The Travelers Companies, Inc. has a 12 month low of $252.26 and a 12 month high of $398.70. The stock's 50-day moving average price is $358.56 and its two-hundred day moving average price is $320.77. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.27.

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 for the quarter, beating the consensus estimate of $5.41 by $4.63. Travelers Companies had a return on equity of 25.41% and a net margin of 16.95%.The company had revenue of $12.15 billion during the quarter, compared to analysts' expectations of $11.26 billion. During the same quarter in the prior year, the firm posted $6.51 earnings per share. The business's quarterly revenue was up .3% on a year-over-year basis. On average, analysts anticipate that The Travelers Companies, Inc. will post 33.82 EPS for the current year.

Travelers Companies Announces Dividend

The company 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. This represents a $5.00 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, September 10th. Travelers Companies's dividend payout ratio is currently 13.39%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Travelers Companies from an "underweight" rating to a "neutral" rating and boosted their price objective for the stock from $316.00 to $322.00 in a research report on Tuesday, May 26th. HSBC lifted their price target on Travelers Companies from $321.00 to $351.00 and gave the company a "hold" rating in a research note on Monday, July 6th. Roth Capital upped their price objective on Travelers Companies from $345.00 to $425.00 and gave the company a "buy" rating in a research note on Tuesday, July 21st. Piper Sandler raised their price objective on shares of Travelers Companies to $340.00 and gave the company an "overweight" rating in a report on Monday, July 13th. Finally, TD Cowen downgraded shares of Travelers Companies from a "hold" rating to a "sell" rating and set a $297.00 target price on the stock. in a research report on Monday, July 13th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $354.26.

Insider Buying and Selling at Travelers Companies

In other news, EVP David Donnay Rowland sold 5,000 shares of the company's stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $371.69, for a total value of $1,858,450.00. Following the sale, the executive vice president directly owned 10,479 shares of the company's stock, valued at approximately $3,894,939.51. This represents a 32.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Michael Frederick Klein sold 6,000 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $366.09, for a total transaction of $2,196,540.00. Following the sale, the executive vice president owned 45,125 shares of the company's stock, valued at approximately $16,519,811.25. This trade represents a 11.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 52,667 shares of company stock worth $19,611,829. Company insiders own 1.39% of the company's stock.

Travelers Companies Profile

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.

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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