Harbour Investments Inc. Has $1.76 Million Holdings in The Travelers Companies, Inc. $TRV

Key Points

• Harbour Investments boosted its stake in Travelers Companies by 399.3% in the fourth quarter, ending with 6,061 shares valued at about $1.76 million.
• Travelers beat earnings expectations in its latest quarter, posting $7.71 EPS versus the $6.80 estimate and revenue of $11.92 billion versus forecasts of $11.11 billion.
• The company raised its quarterly dividend to $1.25 per share from $1.10, while analysts remain mixed overall with a consensus rating of Hold and an average price target of $311.47.

Harbour Investments Inc. lifted its position in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 399.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,061 shares of the insurance provider's stock after buying an additional 4,847 shares during the quarter. Harbour Investments Inc.'s holdings in Travelers Companies were worth $1,758,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Travelers Companies by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 22,109,933 shares of the insurance provider's stock worth $6,413,207,000 after buying an additional 110,311 shares during the period. JPMorgan Chase & Co. increased its position in shares of Travelers Companies by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 7,746,231 shares of the insurance provider's stock worth $2,162,917,000 after buying an additional 119,481 shares during the period. AQR Capital Management LLC increased its position in shares of Travelers Companies by 22.8% during the third quarter. AQR Capital Management LLC now owns 1,785,288 shares of the insurance provider's stock worth $496,872,000 after buying an additional 331,170 shares during the period. UBS Group AG increased its position in shares of Travelers Companies by 5.3% during the fourth quarter. UBS Group AG now owns 1,774,756 shares of the insurance provider's stock worth $514,786,000 after buying an additional 89,159 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Travelers Companies by 2.5% during the fourth quarter. Legal & General Group Plc now owns 1,711,785 shares of the insurance provider's stock worth $496,520,000 after buying an additional 41,769 shares during the period. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods raised their price target on shares of Travelers Companies from $340.00 to $342.00 and gave the stock an "outperform" rating in a report on Monday, April 20th. Wells Fargo & Company raised their price target on shares of Travelers Companies from $285.00 to $305.00 and gave the stock an "equal weight" rating in a report on Thursday, April 9th. UBS Group restated a "neutral" rating on shares of Travelers Companies in a report on Monday, February 2nd. Weiss Ratings restated a "buy (a-)" rating on shares of Travelers Companies in a report on Friday, May 8th. Finally, Cantor Fitzgerald raised their price target on shares of Travelers Companies from $316.00 to $319.00 and gave the stock an "overweight" rating in a report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $311.47.

Travelers Companies News Summary

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 Activity

In other news, EVP Jeffrey P. Klenk sold 6,414 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $305.06, for a total transaction of $1,956,654.84. Following the completion of the transaction, the executive vice president directly owned 6,075 shares in the company, valued at $1,853,239.50. This trade represents a 51.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane Kurtzman sold 2,867 shares of Travelers Companies stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $303.45, for a total transaction of $869,991.15. Following the transaction, the executive vice president owned 5,298 shares of the company's stock, valued at $1,607,678.10. This represents a 35.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 37,573 shares of company stock valued at $11,504,146. 1.39% of the stock is currently owned by insiders.

Travelers Companies Trading Down 1.8%

Shares of Travelers Companies stock opened at $294.50 on Friday. The stock has a market capitalization 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. The stock has a 50 day moving average price of $299.27 and a two-hundred day moving average price of $293.73. The Travelers Companies, Inc. has a 52 week low of $249.19 and a 52 week high of $313.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35.

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. The firm had revenue of $11.92 billion during the quarter, compared to analysts' expectations of $11.11 billion. Travelers Companies had a net margin of 15.54% and a return on equity of 24.06%. The business's revenue was down 1.7% on a year-over-year basis. During the same period last year, the company earned $1.91 earnings per share. As a group, equities analysts anticipate that The Travelers Companies, Inc. will post 28 earnings per share for the current fiscal year.

Travelers Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $1.25 per share. This is an increase from Travelers Companies's previous quarterly dividend of $1.10. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, June 10th. Travelers Companies's dividend payout ratio is 13.09%.

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.

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