Geode Capital Management LLC Sells 14,767 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Geode Capital Management trimmed its Travelers stake slightly in the fourth quarter, selling 14,767 shares and ending with 5.59 million shares valued at about $1.63 billion.
• Travelers beat earnings expectations in its latest quarter, reporting EPS of $7.71 versus the $6.80 consensus and revenue of $11.92 billion, while analysts still expect full-year EPS of 28.
• The insurer also raised its quarterly dividend to $1.25 per share from $1.10, and the stock has drawn generally positive analyst support even as some recent insider selling has added caution.

Geode Capital Management LLC decreased its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,590,511 shares of the insurance provider's stock after selling 14,767 shares during the period. Geode Capital Management LLC owned 2.51% of Travelers Companies worth $1,626,106,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Fidelis Capital Partners LLC boosted its stake in shares of Travelers Companies by 4.8% in the fourth quarter. Fidelis Capital Partners LLC now owns 3,137 shares of the insurance provider's stock worth $910,000 after acquiring an additional 143 shares during the period. Expressive Wealth LLC bought a new position in shares of Travelers Companies in the fourth quarter worth about $386,000. Integrity Alliance LLC. boosted its stake in shares of Travelers Companies by 3.3% in the fourth quarter. Integrity Alliance LLC. now owns 1,343 shares of the insurance provider's stock worth $390,000 after acquiring an additional 43 shares during the period. AlphaQuest LLC boosted its stake in Travelers Companies by 332.6% during the fourth quarter. AlphaQuest LLC now owns 7,147 shares of the insurance provider's stock valued at $2,073,000 after buying an additional 5,495 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Travelers Companies by 38.3% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 1,077 shares of the insurance provider's stock valued at $312,000 after buying an additional 298 shares during the last quarter. Institutional investors own 82.45% of the company's stock.

Travelers Companies Trading Down 1.8%

Shares of TRV stock opened at $294.50 on Friday. The Travelers Companies, Inc. has a 1 year low of $249.19 and a 1 year high of $313.12. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.35 and a quick ratio of 0.35. The stock's 50 day simple moving average is $299.27 and its two-hundred day simple moving average is $293.73. The company has a market cap of $62.63 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 2.70 and a beta of 0.50.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The insurance provider reported $7.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.80 by $0.91. Travelers Companies had a return on equity of 24.06% and a net margin of 15.54%.The business had revenue of $11.92 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the prior year, the business posted $1.91 earnings per share. The company's quarterly revenue was down 1.7% compared to the same quarter last year. Research analysts predict that The Travelers Companies, Inc. will post 28 earnings per share for the current year.

Travelers Companies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Wednesday, June 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 1.7%. This is a boost from Travelers Companies's previous quarterly dividend of $1.10. The ex-dividend date is Wednesday, June 10th. Travelers Companies's dividend payout ratio (DPR) is currently 13.09%.

Trending Headlines about Travelers Companies

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

• Positive Sentiment: JPMorgan upgraded Travelers Companies (TRV), adding to a generally supportive analyst backdrop and reinforcing confidence in the insurer’s earnings outlook. JPMorgan Upgrades Travelers Companies (TRV)
• Positive Sentiment: Piper Sandler reiterated a Buy rating on Travelers, signaling continued Street support for the stock. Piper Sandler Remains a Buy on Travelers Companies (TRV)
• Positive Sentiment: Analyst estimate updates remain constructive overall, with Travelers still expected to generate strong full-year earnings and broker targets clustered above the current share price.
• Positive Sentiment: The company’s recent dividend increase may also support sentiment, as it highlights management confidence and capital return strength.
• Neutral Sentiment: A valuation-focused article noted that recent returns have softened versus longer-term gains, suggesting the stock may already reflect much of its recent strength. A Look At Travelers Companies (TRV) Valuation As Recent Returns Soften Against Longer Term Gains
• Negative Sentiment: Executive Vice President Michael Frederick Klein sold 10,000 shares worth about $3.08 million, and the insider sale may raise caution about near-term upside. Travelers Companies NYSE: TRV EVP Sells $3,076,500.00 in Stock

Insider Buying and Selling at Travelers Companies

In other news, Vice Chairman William H. Heyman sold 1,557 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $310.64, for a total value of $483,666.48. Following the sale, the insider directly owned 259,590 shares in the company, valued at approximately $80,639,037.60. This represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Frederick Klein sold 10,000 shares of the 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 completion of the sale, the executive vice president owned 45,125 shares in the company, valued at approximately $13,882,706.25. The trade was a 18.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 37,573 shares of company stock valued at $11,504,146. Corporate insiders own 1.39% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on TRV shares. BMO Capital Markets increased their price target on Travelers Companies from $297.00 to $314.00 and gave the company an "outperform" rating in a research note on Monday, April 20th. Seaport Research Partners set a $322.00 price target on Travelers Companies in a research note on Tuesday. Evercore reissued an "outperform" rating on shares of Travelers Companies in a research note on Friday, April 17th. Cantor Fitzgerald increased their price target on Travelers Companies from $316.00 to $319.00 and gave the company an "overweight" rating in a research note on Monday, February 2nd. Finally, Keefe, Bruyette & Woods increased their price target on Travelers Companies from $340.00 to $342.00 and gave the company an "outperform" rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $311.47.

Travelers Companies Company 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.

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