Northwestern Mutual Wealth Management Co. Makes New $11.34 Million Investment in The Travelers Companies, Inc. $TRV

Key Points

• Northwestern Mutual Wealth Management acquired 34,345 shares of Travelers Companies during the second quarter, valued at approximately $11.34 million. Institutional investors collectively own 82.45% of the company.
• Travelers reported quarterly EPS of $10.04, far exceeding the $5.41 analyst consensus, while revenue reached $12.15 billion. The company also declared a quarterly dividend of $1.25, equivalent to a 1.4% annual yield.
• Analysts maintain an average “Hold” rating with a $354.26 price target, while company insiders sold 62,667 shares worth approximately $22.69 million during the quarter.

Northwestern Mutual Wealth Management Co. bought a new stake in shares of The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 34,345 shares of the insurance provider's stock, valued at approximately $11,338,000.

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

Travelers Companies Stock Performance

Shares of TRV opened at $363.83 on Friday. The company has a market capitalization of $75.88 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 3.46 and a beta of 0.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.33 and a quick ratio of 0.33. The Travelers Companies, Inc. has a one year low of $252.26 and a one year high of $398.70. The company's fifty day moving average price is $352.28 and its 200 day moving average price is $318.12.

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

Travelers Companies Announces Dividend

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

Wall Street Analyst Weigh In

TRV has been the topic of a number of research reports. Wells Fargo & Company upped their target price on Travelers Companies from $295.00 to $334.00 and gave the company an "equal weight" rating in a report on Thursday, July 9th. Piper Sandler boosted their price objective on shares of Travelers Companies to $340.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $356.00 price objective (up from $342.00) on shares of Travelers Companies in a research note on Wednesday, July 8th. Truist Financial increased their target price on shares of Travelers Companies from $395.00 to $425.00 and gave the stock a "buy" rating in a research report on Monday, July 20th. Finally, Cantor Fitzgerald increased their target price on shares of Travelers Companies from $335.00 to $360.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Four investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $354.26.

Insider Buying and Selling

In other news, EVP David Donnay Rowland sold 5,000 shares of the firm'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 owned 10,479 shares in the company, valued at approximately $3,894,939.51. This trade represents a 32.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Daniel S. Frey sold 14,037 shares of the business's stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $368.24, for a total transaction of $5,168,984.88. Following the transaction, the chief financial officer directly owned 27,535 shares in the company, valued at $10,139,488.40. This trade represents a 33.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 62,667 shares of company stock worth $22,688,329. 1.39% of the stock is currently owned by company insiders.

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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