Phoenix Financial Ltd. Takes $923,000 Position in The Travelers Companies, Inc. $TRV

Key Points

• Phoenix Financial Ltd. has taken a new position in The Travelers Companies, acquiring 3,450 shares valued at approximately $923,000.
• The Travelers Companies recently reported earnings of $8.14 per share, significantly surpassing the analyst estimate of $6.01, alongside a quarterly revenue of $11.47 billion.
• The company announced a quarterly dividend of $1.10 per share, with a dividend yield of 1.6% and a payout ratio of 17.30%.

Phoenix Financial Ltd. acquired a new stake in The Travelers Companies, Inc. (NYSE:TRV - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,450 shares of the insurance provider's stock, valued at approximately $923,000.

A number of other hedge funds and other institutional investors have also modified their holdings of TRV. Brighton Jones LLC raised its holdings in shares of Travelers Companies by 13.4% in the 4th quarter. Brighton Jones LLC now owns 3,277 shares of the insurance provider's stock valued at $789,000 after purchasing an additional 387 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in shares of Travelers Companies in the 4th quarter valued at $276,000. GAMMA Investing LLC raised its stake in Travelers Companies by 18.1% during the 1st quarter. GAMMA Investing LLC now owns 8,332 shares of the insurance provider's stock worth $2,203,000 after acquiring an additional 1,277 shares in the last quarter. Advisor Resource Council acquired a new stake in Travelers Companies during the 1st quarter worth $245,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Travelers Companies by 11.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,725 shares of the insurance provider's stock worth $7,068,000 after acquiring an additional 2,680 shares in the last quarter. 82.45% of the stock is currently owned by institutional investors and hedge funds.

Travelers Companies Trading Up 1.6%

Shares of Travelers Companies stock opened at $269.43 on Wednesday. The company has a market capitalization of $60.10 billion, a P/E ratio of 10.59, a PEG ratio of 2.50 and a beta of 0.51. The company's fifty day moving average is $274.06 and its two-hundred day moving average is $266.51. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.35 and a current ratio of 0.35. The Travelers Companies, Inc. has a 1 year low of $230.23 and a 1 year high of $287.95.

Travelers Companies (NYSE:TRV - Get Free Report) last issued its earnings results on Thursday, October 16th. The insurance provider reported $8.14 earnings per share for the quarter, beating the consensus estimate of $6.01 by $2.13. The business had revenue of $11.47 billion for the quarter, compared to the consensus estimate of $11.15 billion. Travelers Companies had a net margin of 12.14% and a return on equity of 20.28%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.24 earnings per share. Analysts forecast that The Travelers Companies, Inc. will post 17.02 earnings per share for the current year.

Travelers Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 10th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, December 10th. This represents a $4.40 annualized dividend and a dividend yield of 1.6%. Travelers Companies's payout ratio is presently 17.30%.

Insider Buying and Selling at Travelers Companies

In other news, EVP Mojgan M. Lefebvre sold 16,820 shares of Travelers Companies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $277.54, for a total value of $4,668,222.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.46% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on TRV. Piper Sandler lifted their price target on shares of Travelers Companies from $320.00 to $322.00 and gave the stock an "overweight" rating in a research note on Friday. Barclays set a $313.00 price target on shares of Travelers Companies in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Travelers Companies from a "buy" rating to a "hold" rating in a research note on Sunday. Evercore ISI reissued an "outperform" rating on shares of Travelers Companies in a research report on Wednesday, October 1st. Finally, UBS Group raised their price objective on shares of Travelers Companies from $284.00 to $287.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $291.31.

About Travelers Companies

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.

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