Moody Aldrich Partners LLC Acquires 2,686 Shares of The Travelers Companies, Inc. $TRV

Key Points

• Moody Aldrich Partners increased its Travelers stake by 17% in the third quarter, acquiring 2,686 shares for a total holding of 18,447 shares valued at approximately $6.6 million. Institutional investors collectively own 82.45% of the company.
• Travelers reported quarterly EPS of $9.18, beating estimates by $1.79, while revenue reached $12.41 billion versus the $11.36 billion consensus. The company also declared a $1.25 quarterly dividend, equivalent to a 1.3% yield.
• Despite strong earnings, insiders sold about $70.5 million of stock over the past three months, and analysts maintain a consensus “Hold” rating with an average price target of $366.37.

Moody Aldrich Partners LLC boosted its holdings in The Travelers Companies, Inc. (NYSE:TRV - Free Report) by 17.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,447 shares of the insurance provider's stock after acquiring an additional 2,686 shares during the period. Travelers Companies accounts for about 1.3% of Moody Aldrich Partners LLC's investment portfolio, making the stock its 13th largest position. Moody Aldrich Partners LLC's holdings in Travelers Companies were worth $6,577,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Travelers Companies in the second quarter valued at about $6,915,909,000. Dimensional Fund Advisors LP increased its stake in shares of Travelers Companies by 3.7% during the 1st 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 in the last quarter. Bank of America Corp DE purchased a new position in shares of Travelers Companies during the 2nd quarter worth approximately $932,142,000. GQG Partners LLC acquired a new position in shares of Travelers Companies during the 2nd quarter worth approximately $789,024,000. Finally, First Trust Advisors LP raised its position in shares of Travelers Companies by 7.2% during the 1st quarter. First Trust Advisors LP now owns 1,705,401 shares of the insurance provider's stock worth $497,431,000 after purchasing an additional 115,276 shares during the last quarter. 82.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Travelers Companies

In other Travelers Companies news, CEO Alan D. Schnitzer sold 88,900 shares of Travelers Companies stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $396.77, for a total transaction of $35,272,853.00. Following the sale, the chief executive officer directly owned 303,124 shares in the company, valued at $120,270,509.48. The trade was a 22.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey P. Klenk sold 9,016 shares of Travelers Companies stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $405.57, for a total value of $3,656,619.12. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 177,287 shares of company stock worth $70,515,000 over the last three months. Insiders own 1.39% of the company's stock.

Travelers Companies Stock Performance

Shares of NYSE:TRV opened at $393.54 on Thursday. The business has a 50-day moving average of $373.17 and a two-hundred day moving average of $328.37. The firm has a market capitalization of $80.66 billion, a PE ratio of 10.32, a P/E/G ratio of 2.78 and a beta of 0.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a 12 month low of $264.25 and a 12 month high of $407.86.

Travelers Companies (NYSE:TRV - Get Free Report) last released its quarterly earnings data on Friday, October 16th. The insurance provider reported $9.18 earnings per share for the quarter, beating the consensus estimate of $7.39 by $1.79. Travelers Companies had a return on equity of 26.19% and a net margin of 17.03%. The business had revenue of $12.41 billion for the quarter, compared to analyst estimates of $11.36 billion. During the same period in the previous year, the company posted $8.14 EPS. The company's revenue was down .5% compared to the same quarter last year. As a group, research analysts forecast that The Travelers Companies, Inc. will post 36.08 earnings per share for the current year.

Travelers Companies Announces Dividend

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

Analyst Upgrades and Downgrades

TRV has been the topic of a number of recent research reports. Citigroup reaffirmed a "neutral" rating on shares of Travelers Companies in a research note on Friday, October 16th. Barclays raised their price target on Travelers Companies from $295.00 to $318.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. HSBC boosted their price target on Travelers Companies from $321.00 to $351.00 and gave the stock a "hold" rating in a report on Monday, July 6th. UBS Group restated a "neutral" rating on shares of Travelers Companies in a research report on Monday, October 19th. Finally, Evercore set a $329.00 price objective on Travelers Companies and gave the company an "in-line" rating in a research note on Friday, July 10th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, Travelers Companies presently has a consensus rating of "Hold" and a consensus target price of $366.37.

Travelers Companies Company Profile

Travelers Companies, Inc is a property and casualty insurance company that provides insurance products and related services to businesses, government entities and individuals. The company offers coverage for property damage, liability, workers' compensation, automobile accidents, cybersecurity risks and other exposures.

Travelers conducts its operations primarily through its Business Insurance, Bond & Specialty Insurance and Personal Insurance segments. Its products include commercial property and casualty policies, surety and fidelity bonds, homeowners insurance, personal automobile insurance and umbrella coverage.

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